Looking to diversify beyond IGM? The ETFs below have historically moved differently from IGM, 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 IGM
574 ETFs have low correlation with IGM (below 0.3), 129 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 51 | Cryptocurrency | IGM vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | IGM vs WNTR | |
| iShares Core High Dividend ETF | -0.27 | -0.01 | 0.24 | 91 | Dividend, Large Cap Value Equities | IGM vs HDV | |
| iShares U.S. Insurance ETF | -0.26 | 0.00 | 0.22 | 54 | Financials Equities | IGM vs IAK | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 52 | Derivative Income, Dividend | IGM vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGM, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.41, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.41 | -0.15 | 0.06 | 87 | Financial Services | |
| Altria Group, Inc. | -0.41 | -0.21 | -0.07 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.37 | -0.18 | 0.03 | 87 | Consumer Defensive | |
| Duke Energy Corporation | -0.35 | -0.23 | -0.09 | 52 | Utilities | |
| Colgate-Palmolive Company | -0.32 | -0.17 | -0.03 | 57 | Consumer Defensive |
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