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
959 ETFs have low correlation with IGSB (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.49 | -0.51 | 67 | Leveraged Currency | IGSB vs YCS | |
| Invesco DB Oil Fund | -0.40 | -0.18 | -0.10 | 65 | Oil & Gas | IGSB vs DBO | |
| United States Gasoline Fund LP | -0.39 | -0.19 | -0.10 | 70 | Oil & Gas | IGSB vs UGA | |
| United States Brent Oil Fund LP | -0.39 | -0.18 | -0.11 | 65 | Oil & Gas | IGSB vs BNO | |
| Invesco DB Energy Fund | -0.39 | -0.18 | -0.10 | 71 | Oil & Gas | IGSB vs DBE |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.06 | 0.13 | 80 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.16 | 0.08 | 0.13 | 95 | Technology | |
| Eli Lilly and Company | 0.18 | 0.09 | 0.12 | 75 | Healthcare | |
| Banco Santander (Brasil) S.A. | 0.19 | 0.25 | 0.18 | 51 | Financial Services | |
| Healthcare Services Group, Inc. | 0.21 | 0.17 | 0.17 | 73 | Healthcare |
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Build a portfolio that complements IGSB
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