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
391 ETFs have low correlation with IHDG (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.10 | 0.03 | 71 | Oil & Gas | IHDG vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.09 | 0.03 | 65 | Oil & Gas | IHDG vs BNO | |
| United States Oil Fund LP | -0.35 | -0.09 | 0.03 | 66 | Oil & Gas | IHDG vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | -0.10 | -0.10 | 56 | Derivative Income | IHDG vs USOY | |
| United States 12 Month Oil Fund LP | -0.32 | -0.07 | 0.05 | 56 | Oil & Gas | IHDG vs USL |
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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 National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.14, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.14 | 0.19 | 0.30 | 62 | Real Estate | |
| Rolls-Royce Holdings plc | 0.48 | 0.49 | 0.47 | 70 | Industrials | |
| Safran SA | 0.51 | 0.54 | 0.54 | 53 | Industrials |
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