Looking to diversify beyond IGSB? The ETFs below have historically moved differently from IGSB, 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 IGSB
666 ETFs have low correlation with IGSB (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.49 | -0.51 | 59 | Leveraged Currency | IGSB vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.42 | -0.46 | — | 51 | Nontraditional Bonds | IGSB vs RISR | |
| Invesco DB Energy Fund | -0.39 | -0.20 | -0.10 | 66 | Oil & Gas | IGSB vs DBE | |
| Invesco DB Oil Fund | -0.39 | -0.20 | -0.11 | 51 | Oil & Gas | IGSB vs DBO | |
| United States Gasoline Fund, LP | -0.38 | -0.21 | -0.10 | 83 | Oil & Gas | IGSB vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGSB, 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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.18 | -0.00 | 0.04 | 93 | Energy | |
| Chubb Limited | -0.07 | 0.05 | 0.06 | 87 | Financial Services | |
| W. R. Berkley Corporation | -0.02 | 0.04 | 0.03 | 53 | Financial Services | |
| AXIS Capital Holdings Limited | -0.01 | 0.05 | 0.04 | 64 | Financial Services | |
| Philip Morris International Inc. | 0.01 | 0.18 | 0.18 | 64 | Consumer Defensive |
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