Looking to diversify beyond IGPT? The ETFs below have the lowest correlation with IGPT — 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 IGPT.
Best Diversifiers for IGPT
440 ETFs have low correlation with IGPT (below 0.3), 92 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.05 | 0.04 | 66 | Oil & Gas | IGPT vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.06 | 0.04 | 71 | Oil & Gas | IGPT vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.04 | 0.04 | 65 | Oil & Gas | IGPT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | — | — | 56 | Derivative Income | IGPT vs USOY | |
| Invesco DB Oil Fund | -0.20 | -0.01 | 0.06 | 65 | Oil & Gas | IGPT vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGPT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.14 | 0.07 | 0.16 | 63 | Consumer Defensive | |
| JPMorgan Chase & Co. | 0.31 | 0.33 | 0.39 | 59 | Financial Services | |
| Apple Inc | 0.34 | 0.42 | 0.53 | 89 | Technology | |
| IonQ, Inc. | 0.40 | 0.45 | 0.53 | 64 | Technology | |
| NVIDIA Corporation | 0.56 | 0.68 | 0.72 | 78 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IGPT
Add IGPT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGPT