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
1422 ETFs have low correlation with IGLD (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.39 | -0.42 | 51 | Currency | IGLD vs UUP | |
| ProShares Short Bitcoin ETF | -0.24 | -0.12 | -0.14 | 57 | Cryptocurrency | IGLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.14 | -0.14 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IGLD vs SBIT | |
| ProShares UltraShort Yen | -0.21 | -0.24 | -0.34 | 72 | Leveraged Currency | IGLD vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | -0.14 | -0.14 | 70 | Derivative Income | IGLD vs WNTR |
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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 -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.02 | 0.01 | 81 | Consumer Defensive | |
| ConocoPhillips Company | -0.11 | 0.01 | 0.07 | 66 | Energy | |
| Devon Energy Corporation | -0.08 | 0.08 | 0.10 | 72 | Energy | |
| Chubb Limited | -0.08 | -0.02 | -0.01 | 86 | Financial Services | |
| Enterprise Products Partners L.P. | -0.07 | 0.07 | 0.13 | 87 | Energy |
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