Looking to diversify beyond IGLD.DE? The ETFs below have the lowest correlation with IGLD.DE — 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 IGLD.DE.
Best Diversifiers for IGLD.DE
42 ETFs have low correlation with IGLD.DE (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.32, roughly unchanged from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.32 | -0.30 | — | 100 | Ultrashort Bond | IGLD.DE vs SGOV | |
| iShares Core MSCI Canadian Quality Dividend Index ... | -0.07 | 0.04 | — | 98 | Dividend, Large Cap Value Equities | IGLD.DE vs XDIV.TO | |
| Virtus InfraCap U.S. Preferred Stock ETF | -0.07 | -0.05 | -0.06 | 58 | Preferred Stock/Convertible Bonds | IGLD.DE vs PFFA | |
| Amplify CWP Growth & Income ETF | -0.02 | -0.06 | -0.06 | 63 | Derivative Income | IGLD.DE vs QDVO | |
| NEOS S&P 500 High Income ETF | -0.01 | -0.11 | -0.13 | 75 | Derivative Income, S&P 500 | IGLD.DE vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGLD.DE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGLD.DE and solid risk/return profiles. The least correlated is Harmony Gold Mining Company Limited (HMY) (Basic Materials) with a 1Y correlation of 0.65, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Harmony Gold Mining Company Limited | 0.65 | 0.63 | 0.63 | 51 | Basic Materials |
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