Looking to diversify beyond IGV? The ETFs below have the lowest correlation with IGV — 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 IGV.
Best Diversifiers for IGV
809 ETFs have low correlation with IGV (below 0.3), 53 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.19, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.19 | -0.07 | — | 99 | Commodities | IGV vs BWET | |
| iShares Core High Dividend ETF | -0.12 | 0.10 | 0.27 | 64 | Dividend, Large Cap Value Equities | IGV vs HDV | |
| Breakwave Dry Bulk Shipping ETF | -0.11 | -0.01 | 0.01 | 85 | Commodities | IGV vs BDRY | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 100 | Ultrashort Bond | IGV vs CSHP | |
| ProShares UltraShort Yen | -0.07 | 0.03 | 0.00 | 61 | Leveraged Currency | IGV vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGV and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.12 | 0.05 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.28 | -0.14 | 0.00 | 92 | Healthcare | |
| Duke Energy Corporation | -0.25 | -0.16 | -0.04 | 53 | Utilities | |
| Altria Group, Inc. | -0.21 | -0.07 | -0.01 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.18 | -0.02 | 0.09 | 56 | Consumer Defensive |
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