Looking to diversify beyond IGLB? The ETFs below have historically moved differently from IGLB, 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 IGLB
511 ETFs have low correlation with IGLB (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.22 | -0.13 | 72 | Oil & Gas | IGLB vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.22 | -0.14 | 52 | Oil & Gas | IGLB vs BNO | |
| United States Oil Fund LP | -0.42 | -0.22 | -0.13 | 55 | Oil & Gas | IGLB vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.21 | -0.12 | 58 | Oil & Gas | IGLB vs DBO | |
| ProShares UltraShort Yen | -0.40 | -0.42 | -0.42 | 56 | Leveraged Currency | IGLB vs YCS |
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