Looking to diversify beyond IHDG? The ETFs below have historically moved differently from IHDG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IHDG
330 ETFs have low correlation with IHDG (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.29 | — | 51 | Cryptocurrency | IHDG vs BITI | |
| Invesco DB Energy Fund | -0.35 | -0.13 | 0.01 | 66 | Oil & Gas | IHDG vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | -0.34 | -0.34 | 69 | Derivative Income | IHDG vs WNTR | |
| Invesco DB Oil Fund | -0.30 | -0.11 | 0.02 | 51 | Oil & Gas | IHDG vs DBO | |
| United States Gasoline Fund, LP | -0.29 | -0.10 | 0.02 | 83 | Oil & Gas | IHDG vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IHDG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | 0.06 | 0.17 | 0.28 | 77 | Real Estate | |
| Realty Income Corporation | 0.11 | 0.14 | 0.26 | 74 | Real Estate | |
| Thales SA ADR | 0.22 | 0.23 | 0.24 | 52 | Industrials | |
| Leonardo SpA ADR | 0.25 | 0.28 | 0.24 | 60 | Industrials | |
| Pathward Financial, Inc. | 0.32 | 0.38 | 0.43 | 65 | Financial Services |
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