Looking to diversify beyond IGRO? The ETFs below have historically moved differently from IGRO, 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 IGRO
278 ETFs have low correlation with IGRO (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.32 | -0.28 | 56 | Leveraged Currency | IGRO vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.12 | 0.06 | 72 | Oil & Gas | IGRO vs DBE | |
| ProShares Short Bitcoin ETF | -0.37 | -0.28 | — | 61 | Cryptocurrency | IGRO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IGRO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | IGRO vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGRO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.17, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.17 | 0.36 | 0.47 | 61 | Financial Services | |
| NNN REIT, Inc. | 0.23 | 0.34 | 0.39 | 80 | Real Estate | |
| Realty Income Corporation | 0.27 | 0.33 | 0.37 | 77 | Real Estate |
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