Looking to diversify beyond IHF? The ETFs below have the lowest correlation with IHF — 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 IHF.
Best Diversifiers for IHF
1311 ETFs have low correlation with IHF (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.04 | -0.03 | 61 | Leveraged Currency | IHF vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | IHF vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.12 | -0.04 | 100 | Government Bonds, Ultrashort Bond | IHF vs BIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | -0.04 | -0.02 | 70 | Commodities | IHF vs FAAR | |
| Breakwave Tanker Shipping ETF | -0.08 | -0.03 | -0.04 | 98 | Commodities | IHF vs BWET |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHF and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.12, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.12 | 0.14 | 0.26 | 52 | Consumer Cyclical | |
| Welltower Inc. | 0.13 | 0.26 | 0.33 | 85 | Real Estate | |
| UnitedHealth Group Incorporated | 0.84 | 0.77 | 0.79 | 68 | Healthcare |
Build a portfolio that complements IHF
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