Looking to diversify beyond IGLD? The ETFs below have historically moved differently from IGLD, 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 IGLD
1360 ETFs have low correlation with IGLD (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.27 | -0.13 | — | 51 | Cryptocurrency | IGLD vs BITI | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.26 | -0.17 | — | 51 | Nontraditional Bonds | IGLD vs RISR | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.23 | — | — | 69 | Derivative Income | IGLD vs WNTR | |
| ProShares UltraShort Yen | -0.19 | -0.24 | -0.34 | 59 | Leveraged Currency | IGLD vs YCS | |
| iShares U.S. Insurance ETF | -0.14 | -0.02 | -0.01 | 54 | Financials Equities | IGLD vs IAK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGLD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.04 | -0.00 | 66 | Consumer Defensive | |
| Chubb Limited | -0.13 | -0.03 | -0.01 | 87 | Financial Services | |
| ConocoPhillips Company | -0.12 | 0.00 | 0.06 | 73 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.06 | 0.12 | 89 | Energy | |
| Devon Energy Corporation | -0.09 | 0.07 | 0.09 | 78 | Energy |
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