Looking to diversify beyond ILTB? The ETFs below have historically moved differently from ILTB, 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 ILTB
715 ETFs have low correlation with ILTB (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.25 | -0.16 | 66 | Oil & Gas | ILTB vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.23 | -0.16 | 51 | Oil & Gas | ILTB vs DBO | |
| United States Gasoline Fund, LP | -0.42 | -0.23 | -0.14 | 83 | Oil & Gas | ILTB vs UGA | |
| ProShares UltraShort Yen | -0.40 | -0.43 | -0.44 | 59 | Leveraged Currency | ILTB vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.19 | -0.12 | 61 | Commodities | ILTB vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ILTB, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.04 | 0.10 | 61 | Technology | |
| Rocket Lab USA, Inc. | 0.11 | 0.11 | 0.13 | 67 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.12 | 0.09 | 0.14 | 83 | Technology | |
| Amazon.com, Inc | 0.22 | 0.13 | 0.16 | 72 | Consumer Cyclical |
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