Looking to diversify beyond IHE? The ETFs below have historically moved differently from IHE, 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 IHE
1524 ETFs have low correlation with IHE (below 0.3), 93 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.29 | -0.13 | -0.03 | 87 | Oil & Gas | IHE vs UGA | |
| United States Brent Oil Fund LP | -0.27 | -0.14 | -0.05 | 52 | Oil & Gas | IHE vs BNO | |
| Invesco DB Energy Fund | -0.26 | -0.14 | -0.04 | 72 | Oil & Gas | IHE vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.14 | -0.04 | 58 | Oil & Gas | IHE vs DBO | |
| United States Oil Fund LP | -0.25 | -0.14 | -0.05 | 55 | Oil & Gas | IHE vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IHE, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.07 | 0.20 | 56 | Technology | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.10 | 0.21 | 80 | Technology | |
| Arista Networks, Inc. | -0.02 | 0.09 | 0.20 | 71 | Technology | |
| Applied Digital Corporation | 0.04 | 0.12 | 0.15 | 78 | Technology | |
| Western Digital Corporation | 0.04 | 0.13 | 0.22 | 99 | Technology |
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