Looking to diversify beyond IIGD? The ETFs below have the lowest correlation with IIGD — 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 IIGD.
Best Diversifiers for IIGD
1309 ETFs have low correlation with IIGD (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.48 | -0.51 | 61 | Leveraged Currency | IIGD vs YCS | |
| Invesco DB Oil Fund | -0.39 | -0.19 | -0.13 | 65 | Oil & Gas | IIGD vs DBO | |
| United States Gasoline Fund LP | -0.39 | -0.21 | -0.12 | 69 | Oil & Gas | IIGD vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.38 | -0.20 | -0.12 | 55 | Oil & Gas | IIGD vs OILK | |
| Invesco DB Energy Fund | -0.38 | -0.19 | -0.12 | 71 | Oil & Gas | IIGD vs DBE |
See all 2104 diversifiers for IIGD
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