Looking to diversify beyond IHF? The ETFs below have historically moved differently from IHF, 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 IHF
1660 ETFs have low correlation with IHF (below 0.3), 55 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.18, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.18 | -0.13 | -0.00 | 72 | Oil & Gas | IHF vs DBE | |
| United States Brent Oil Fund LP | -0.18 | -0.13 | -0.01 | 52 | Oil & Gas | IHF vs BNO | |
| Invesco DB Oil Fund | -0.16 | -0.12 | 0.00 | 58 | Oil & Gas | IHF vs DBO | |
| United States Oil Fund LP | -0.15 | -0.12 | -0.00 | 55 | Oil & Gas | IHF vs USO | |
| Proshares Ultrashort Bitcoin ETF | -0.13 | -0.08 | -0.08 | 55 | Cryptocurrency, Leveraged Cryptocurrency | IHF vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IHF, 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 Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of 0.13, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | 0.13 | 0.25 | 0.30 | 90 | Real Estate | |
| Amazon.com, Inc | 0.16 | 0.14 | 0.27 | 60 | Consumer Cyclical | |
| Welltower Inc. | 0.21 | 0.28 | 0.33 | 89 | Real Estate | |
| UnitedHealth Group Incorporated | 0.84 | 0.77 | 0.79 | 86 | Healthcare |
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