Looking to diversify beyond IIGD? The ETFs below have historically moved differently from IIGD, 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 IIGD
821 ETFs have low correlation with IIGD (below 0.3), 112 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.48 | -0.51 | 56 | Leveraged Currency | IIGD vs YCS | |
| Invesco DB Oil Fund | -0.40 | -0.22 | -0.13 | 58 | Oil & Gas | IIGD vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.23 | -0.14 | 52 | Oil & Gas | IIGD vs BNO | |
| Invesco DB Energy Fund | -0.40 | -0.22 | -0.13 | 72 | Oil & Gas | IIGD vs DBE | |
| United States Oil Fund LP | -0.39 | -0.23 | -0.13 | 55 | Oil & Gas | IIGD vs USO |
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