Looking to diversify beyond ILS? The ETFs below have the lowest correlation with ILS — 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 ILS.
Best Diversifiers for ILS
2057 ETFs have low correlation with ILS (below 0.3), 528 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.19 | — | — | 73 | Energy Equities | ILS vs ENFR | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.18 | — | — | 51 | Leveraged Equities | ILS vs MLPR | |
| Tortoise North American Pipeline Fund | -0.18 | — | — | 77 | Energy Equities | ILS vs TPYP | |
| VanEck Energy Income ETF | -0.17 | — | — | 78 | Energy Equities | ILS vs EINC | |
| USCF Midstream Energy Income Fund ETF | -0.17 | — | — | 77 | Energy Equities | ILS vs UMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILS and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.01 | 0.03 | 0.03 | 51 | Industrials |
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