Looking to diversify beyond IGRO? The ETFs below have the lowest correlation with IGRO — 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 IGRO.
Best Diversifiers for IGRO
321 ETFs have low correlation with IGRO (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.32 | -0.26 | 61 | Leveraged Currency | IGRO vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.08 | 0.08 | 71 | Oil & Gas | IGRO vs DBE | |
| United States Oil Fund LP | -0.36 | -0.07 | 0.08 | 66 | Oil & Gas | IGRO vs USO | |
| United States Brent Oil Fund LP | -0.36 | -0.06 | 0.08 | 65 | Oil & Gas | IGRO vs BNO | |
| United States Gasoline Fund LP | -0.34 | -0.07 | 0.07 | 69 | Oil & Gas | IGRO vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGRO and solid risk/return profiles. The least correlated is National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.26, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.26 | 0.34 | 0.40 | 62 | Real Estate |
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