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
387 ETFs have low correlation with IGIB (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.46 | -0.49 | 61 | Leveraged Currency | IGIB vs YCS | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | IGIB vs FFUT | |
| VanEck Commodity Strategy ETF | -0.27 | -0.09 | — | 55 | Commodities | IGIB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.10 | -0.09 | 70 | Commodities | IGIB vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.22 | -0.11 | -0.11 | 50 | Commodities | IGIB vs CERY |
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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 Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.27 | 0.26 | 69 | Financial Services | |
| Reaves Utility Income Trust | 0.27 | 0.28 | 0.31 | 81 | Financial Services |
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