Looking to diversify beyond IGOV? The ETFs below have historically moved differently from IGOV, 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 IGOV
430 ETFs have low correlation with IGOV (below 0.3), 98 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.68, roughly unchanged from -0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.68 | -0.66 | -0.66 | 56 | Leveraged Currency | IGOV vs YCS | |
| United States Oil Fund LP | -0.42 | -0.21 | -0.08 | 55 | Oil & Gas | IGOV vs USO | |
| United States Brent Oil Fund LP | -0.42 | -0.21 | -0.08 | 52 | Oil & Gas | IGOV vs BNO | |
| Invesco DB Energy Fund | -0.41 | -0.21 | -0.09 | 72 | Oil & Gas | IGOV vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.20 | -0.07 | 87 | Oil & Gas | IGOV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGOV, 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 UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.09 | 0.03 | 0.09 | 86 | Healthcare | |
| Berkshire Hathaway Inc. | 0.11 | 0.11 | 0.15 | 61 | Financial Services | |
| Advanced Micro Devices, Inc. | 0.18 | 0.12 | 0.18 | 94 | Technology | |
| Apple Inc | 0.21 | 0.18 | 0.21 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.22 | 0.15 | 0.20 | 87 | Technology |
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