Looking to diversify beyond ILF? The ETFs below have the lowest correlation with ILF — 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 ILF.
Best Diversifiers for ILF
402 ETFs have low correlation with ILF (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.48, down from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.48 | -0.39 | -0.38 | 51 | Currency | ILF vs UUP | |
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | -0.27 | 57 | Cryptocurrency | ILF vs BITI | |
| ProShares UltraShort Yen | -0.30 | -0.17 | -0.13 | 75 | Leveraged Currency | ILF vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 60 | Inverse Equities, Leveraged Equities | ILF vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 53 | Inverse Equities | ILF vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILF and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.05 | 0.07 | 71 | Consumer Defensive | |
| McKesson Corporation | 0.01 | -0.04 | 0.10 | 60 | Healthcare | |
| Chevron Corporation | 0.02 | 0.17 | 0.32 | 70 | Energy | |
| The Coca-Cola Company | 0.04 | 0.11 | 0.16 | 83 | Consumer Defensive | |
| Nutrien Ltd. | 0.09 | 0.29 | 0.38 | 58 | Basic Materials |
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Build a portfolio that complements ILF
Add ILF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ILF