Looking to diversify beyond ILF? The ETFs below have historically moved differently from ILF, 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 ILF
466 ETFs have low correlation with ILF (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.28 | — | 61 | Cryptocurrency | ILF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ILF vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | ILF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.31 | -0.31 | 61 | Inverse Equities, Leveraged Equities | ILF vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | -0.33 | -0.33 | 75 | Derivative Income | ILF vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ILF, 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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.06 | -0.05 | 0.09 | 67 | Healthcare | |
| Chevron Corporation | -0.02 | 0.16 | 0.30 | 80 | Energy | |
| The Coca-Cola Company | -0.02 | 0.09 | 0.13 | 90 | Consumer Defensive | |
| Walmart Inc. | -0.01 | 0.06 | 0.08 | 62 | Consumer Defensive | |
| Philip Morris International Inc. | 0.07 | 0.14 | 0.20 | 66 | Consumer Defensive |
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