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
494 ETFs have low correlation with IGPT (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | -0.40 | 57 | Cryptocurrency | IGPT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IGPT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.48 | -0.48 | 60 | Inverse Equities | IGPT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.48 | -0.48 | 68 | Inverse Equities, Leveraged Equities | IGPT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.44 | -0.44 | 70 | Derivative Income | IGPT vs WNTR |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.44, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.44 | -0.12 | 0.05 | 53 | Industrials | |
| Duke Energy Corporation | -0.39 | -0.24 | -0.09 | 66 | Utilities | |
| Altria Group, Inc. | -0.39 | -0.21 | -0.08 | 81 | Consumer Defensive | |
| The Southern Company | -0.32 | -0.21 | -0.06 | 58 | Utilities | |
| The Coca-Cola Company | -0.30 | -0.16 | 0.00 | 83 | Consumer Defensive |
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