Looking to diversify beyond IHI? The ETFs below have the lowest correlation with IHI — 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 IHI.
Best Diversifiers for IHI
838 ETFs have low correlation with IHI (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.13 | -0.11 | 72 | Leveraged Currency | IHI vs YCS | |
| Invesco DB Energy Fund | -0.24 | -0.14 | -0.01 | 53 | Oil & Gas | IHI vs DBE | |
| United States Gasoline Fund LP | -0.23 | -0.12 | -0.01 | 78 | Oil & Gas | IHI vs UGA | |
| Invesco DB US Dollar Index Bullish Fund | -0.23 | -0.21 | -0.27 | 51 | Currency | IHI vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.09 | 0.02 | 51 | Commodities | IHI vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHI and solid risk/return profiles. The least correlated is Warner Bros. Discovery, Inc. (WBD) (Communication Services) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.03 | 0.20 | 0.29 | 97 | Communication Services | |
| GE Vernova Inc. | 0.07 | — | — | 89 | Industrials | |
| NVIDIA Corporation | 0.07 | 0.20 | 0.36 | 65 | Technology | |
| NextEra Energy, Inc. | 0.09 | 0.19 | 0.34 | 73 | Utilities | |
| Tesla, Inc. | 0.11 | 0.22 | 0.30 | 63 | Consumer Cyclical |
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