Looking to diversify beyond IGIB? The ETFs below have the lowest correlation with IGIB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IGIB.
Best Diversifiers for IGIB
432 ETFs have low correlation with IGIB (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.46 | -0.49 | 75 | Leveraged Currency | IGIB vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.19 | -0.11 | 72 | Oil & Gas | IGIB vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.32 | -0.13 | -0.06 | 51 | Commodities | IGIB vs PDBC | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 66 | Systematic Trend | IGIB vs FFUT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.27 | -0.09 | -0.02 | 65 | Commodities | IGIB vs SDCI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGIB and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.15 | 0.04 | 0.05 | 84 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.23 | 0.28 | 0.26 | 71 | Financial Services | |
| Reaves Utility Income Trust | 0.25 | 0.29 | 0.31 | 75 | Financial Services |
Build a portfolio that complements IGIB
Add IGIB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGIB