Looking to diversify beyond IHDG? The ETFs below have the lowest correlation with IHDG — 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 IHDG.
Best Diversifiers for IHDG
332 ETFs have low correlation with IHDG (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.29 | -0.31 | 57 | Cryptocurrency | IHDG vs BITI | |
| Invesco DB Energy Fund | -0.34 | -0.11 | 0.03 | 53 | Oil & Gas | IHDG vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IHDG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | IHDG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | IHDG vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHDG and solid risk/return profiles. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | 0.07 | 0.16 | 0.29 | 73 | Real Estate | |
| Realty Income Corporation | 0.14 | 0.14 | 0.26 | 74 | Real Estate | |
| Meta Financial Group, Inc. | 0.36 | 0.38 | 0.44 | 55 | Financial Services | |
| Rolls-Royce Holdings plc | 0.54 | 0.51 | 0.49 | 77 | Industrials | |
| Safran SA | 0.55 | 0.55 | 0.55 | 60 | Industrials |
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