Looking to diversify beyond ILS? The ETFs below have historically moved differently from ILS, 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 ILS
2238 ETFs have low correlation with ILS (below 0.3), 392 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.19 | — | — | 68 | Leveraged Equities | ILS vs MLPR | |
| Alerian Energy Infrastructure ETF | -0.19 | — | — | 79 | Infrastructure Equities, Energy Equities | ILS vs ENFR | |
| Pacer American Energy Independence ETF | -0.18 | — | — | 55 | Energy Equities | ILS vs USAI | |
| Global X MLP & Energy Infrastructure ETF | -0.18 | — | — | 74 | Infrastructure Equities, MLPs | ILS vs MLPX | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.18 | — | — | 69 | Infrastructure Equities, MLPs | ILS vs MLPB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ILS, 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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.03 | 0.02 | 0.02 | 66 | Consumer Defensive |
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