Looking to diversify beyond IGOV? The ETFs below have the lowest correlation with IGOV — 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 IGOV.
Best Diversifiers for IGOV
402 ETFs have low correlation with IGOV (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.72, roughly unchanged from -0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.72 | -0.65 | -0.66 | 75 | Leveraged Currency | IGOV vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.19 | -0.07 | 72 | Oil & Gas | IGOV vs UGA | |
| TCW AAA CLO ETF | -0.30 | — | — | 99 | CLO | IGOV vs ACLO | |
| Fidelity Managed Futures ETF | -0.22 | — | — | 66 | Systematic Trend | IGOV vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.05 | 0.03 | 51 | Commodities | IGOV vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGOV and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.10 | 0.03 | 0.09 | 76 | Healthcare | |
| Advanced Micro Devices, Inc. | 0.12 | 0.11 | 0.15 | 97 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.19 | 0.16 | 0.19 | 93 | Technology | |
| Tesla, Inc. | 0.21 | 0.15 | 0.16 | 66 | Consumer Cyclical | |
| Apple Inc | 0.22 | 0.15 | 0.17 | 90 | Technology |
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Build a portfolio that complements IGOV
Add IGOV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGOV