Looking to diversify beyond IGIB? The ETFs below have historically moved differently from IGIB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IGIB
439 ETFs have low correlation with IGIB (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.47 | -0.49 | 56 | Leveraged Currency | IGIB vs YCS | |
| Invesco DB Oil Fund | -0.43 | -0.22 | -0.12 | 58 | Oil & Gas | IGIB vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.22 | -0.13 | 52 | Oil & Gas | IGIB vs BNO | |
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.12 | 72 | Oil & Gas | IGIB vs DBE | |
| United States Oil Fund LP | -0.41 | -0.22 | -0.13 | 55 | Oil & Gas | IGIB vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGIB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.20, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.20 | 0.01 | 0.04 | 93 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.28 | 0.27 | 74 | Financial Services | |
| Reaves Utility Income Trust | 0.22 | 0.28 | 0.30 | 55 | Financial Services |
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