Looking to diversify beyond ILIT? The ETFs below have the lowest correlation with ILIT — 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 ILIT.
Best Diversifiers for ILIT
717 ETFs have low correlation with ILIT (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.23 | -0.23 | 57 | Cryptocurrency | ILIT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.23 | -0.23 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ILIT vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | ILIT vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | ILIT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | ILIT vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILIT and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.19 | 0.26 | — | 54 | Consumer Cyclical | |
| Marvell Technology, Inc. | 0.22 | 0.29 | — | 94 | Technology | |
| Arista Networks, Inc. | 0.22 | 0.23 | — | 79 | Technology | |
| NVIDIA Corporation | 0.24 | 0.23 | — | 65 | Technology | |
| Talen Energy Corporation | 0.26 | — | — | 69 | Utilities |
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Build a portfolio that complements ILIT
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