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
258 ETFs have low correlation with IGRO (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.54 | -0.58 | 51 | Currency | IGRO vs UUP | |
| ProShares UltraShort Yen | -0.46 | -0.32 | -0.27 | 72 | Leveraged Currency | IGRO vs YCS | |
| ProShares Short Bitcoin ETF | -0.35 | -0.28 | -0.31 | 57 | Cryptocurrency | IGRO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IGRO vs SBIT | |
| Invesco DB Energy Fund | -0.34 | -0.09 | 0.07 | 53 | Oil & Gas | IGRO vs DBE |
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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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.22, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.22 | 0.35 | 0.48 | 53 | Financial Services | |
| NNN REIT, Inc. | 0.23 | 0.33 | 0.39 | 73 | Real Estate | |
| Realty Income Corporation | 0.28 | 0.33 | 0.38 | 74 | Real Estate |
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