Looking to diversify beyond IGSB? The ETFs below have the lowest correlation with IGSB — 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 IGSB.
Best Diversifiers for IGSB
563 ETFs have low correlation with IGSB (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.48 | -0.51 | 73 | Leveraged Currency | IGSB vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.18 | -0.10 | 60 | Oil & Gas | IGSB vs UGA | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 60 | Systematic Trend | IGSB vs FFUT | |
| VanEck Commodity Strategy ETF | -0.23 | -0.07 | — | 59 | Commodities | IGSB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.08 | -0.06 | 77 | Commodities | IGSB vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGSB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGSB and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.12 | 0.04 | 0.04 | 79 | Energy | |
| NVIDIA Corporation | 0.04 | 0.07 | 0.14 | 70 | Technology | |
| HCI Group, Inc. | 0.06 | 0.08 | 0.07 | 58 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.17 | 0.09 | 0.13 | 93 | Technology | |
| Eli Lilly and Company | 0.19 | 0.09 | 0.12 | 75 | Healthcare |
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Build a portfolio that complements IGSB
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