Looking to diversify beyond IGM? The ETFs below have the lowest correlation with IGM — 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 IGM.
Best Diversifiers for IGM
401 ETFs have low correlation with IGM (below 0.3), 51 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.47, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | -0.48 | -0.48 | 51 | Derivative Income | IGM vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | IGM vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 99 | Ultrashort Bond | IGM vs BAMU | |
| United States Gasoline Fund LP | -0.16 | -0.03 | 0.05 | 60 | Oil & Gas | IGM vs UGA | |
| Direxion Daily NFLX Bear 1X Shares | -0.15 | -0.33 | -0.33 | 63 | Inverse Equities | IGM vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGM and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.29, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.29 | -0.22 | -0.08 | 64 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.16 | -0.04 | 74 | Consumer Defensive | |
| The Coca-Cola Company | -0.28 | -0.15 | 0.06 | 74 | Consumer Defensive | |
| Chubb Limited | -0.28 | -0.10 | 0.06 | 72 | Financial Services | |
| The Southern Company | -0.26 | -0.20 | -0.04 | 57 | Utilities |
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Build a portfolio that complements IGM
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