Looking to diversify beyond ILTB? The ETFs below have the lowest correlation with ILTB — 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 ILTB.
Best Diversifiers for ILTB
770 ETFs have low correlation with ILTB (below 0.3), 87 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.16 | 57 | Oil & Gas | ILTB vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.20 | -0.14 | 82 | Oil & Gas | ILTB vs UGA | |
| ProShares UltraShort Yen | -0.41 | -0.42 | -0.44 | 72 | Leveraged Currency | ILTB vs YCS | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.38 | -0.19 | -0.13 | 52 | Commodities | ILTB vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.17 | -0.12 | 56 | Commodities | ILTB vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILTB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILTB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.05 | 0.10 | 70 | Technology | |
| Rocket Lab USA, Inc. | 0.07 | 0.12 | 0.13 | 74 | Industrials | |
| Tesla, Inc. | 0.08 | 0.13 | 0.11 | 62 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | 0.10 | 0.09 | 0.13 | 83 | Technology | |
| Amazon.com, Inc | 0.20 | 0.14 | 0.16 | 54 | Consumer Cyclical |
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