Looking to diversify beyond IGLD? The ETFs below have the lowest correlation with IGLD — 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.
Best Diversifiers for IGLD
1773 ETFs have low correlation with IGLD (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, up from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.25 | -0.34 | 61 | Leveraged Currency | IGLD vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 98 | Inflation-Protected Bonds | IGLD vs RBIL | |
| First Trust Merger Arbitrage ETF | -0.11 | 0.04 | 0.03 | 52 | Long-Short | IGLD vs MARB | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.09 | 0.06 | 0.06 | 64 | Commodities | IGLD vs USOI | |
| United States Brent Oil Fund LP | -0.09 | 0.08 | 0.12 | 65 | Oil & Gas | IGLD vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGLD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.00 | 0.04 | 69 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.06 | 0.09 | 0.14 | 85 | Energy | |
| ConocoPhillips Company | -0.06 | 0.02 | 0.07 | 76 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.04 | 0.07 | 59 | Communication Services | |
| Energy Transfer LP | -0.06 | 0.06 | 0.09 | 69 | Energy |
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