Looking to diversify beyond IHE? The ETFs below have the lowest correlation with IHE — 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 IHE.
Best Diversifiers for IHE
1415 ETFs have low correlation with IHE (below 0.3), 53 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.29 | -0.13 | -0.03 | 72 | Oil & Gas | IHE vs UGA | |
| ProShares UltraShort Yen | -0.25 | -0.11 | -0.10 | 75 | Leveraged Currency | IHE vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.09 | 0.01 | 51 | Commodities | IHE vs PDBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.07 | -0.05 | 67 | Commodities | IHE vs FAAR | |
| VanEck Commodity Strategy ETF | -0.18 | -0.08 | — | 69 | Commodities | IHE vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.07 | 0.20 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.10 | 0.21 | 75 | Technology | |
| Western Digital Corporation | 0.06 | 0.15 | 0.24 | 99 | Technology | |
| Tesla, Inc. | 0.13 | 0.17 | 0.21 | 66 | Consumer Cyclical | |
| Apple Inc | 0.16 | 0.22 | 0.33 | 90 | Technology |
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