Looking to diversify beyond IHI? The ETFs below have historically moved differently from IHI, 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 IHI
980 ETFs have low correlation with IHI (below 0.3), 98 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.28 | -0.17 | -0.04 | 55 | Oil & Gas | IHI vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.16 | -0.04 | 52 | Oil & Gas | IHI vs BNO | |
| Invesco DB Energy Fund | -0.26 | -0.16 | -0.03 | 72 | Oil & Gas | IHI vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.15 | -0.03 | 58 | Oil & Gas | IHI vs DBO | |
| ProShares UltraShort Yen | -0.24 | -0.13 | -0.11 | 56 | Leveraged Currency | IHI vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IHI, 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 GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of 0.02, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | 0.02 | 0.18 | 0.18 | 76 | Industrials | |
| NVIDIA Corporation | 0.02 | 0.18 | 0.35 | 56 | Technology | |
| Warner Bros. Discovery, Inc. | 0.03 | 0.20 | 0.29 | 96 | Communication Services | |
| NextEra Energy, Inc. | 0.06 | 0.18 | 0.33 | 77 | Utilities | |
| Humana Inc. | 0.20 | 0.18 | 0.27 | 71 | Healthcare |
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