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
1040 ETFs have low correlation with ILTB (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.42 | -0.44 | 61 | Leveraged Currency | ILTB vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.22 | -0.15 | 71 | Oil & Gas | ILTB vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.22 | -0.17 | 65 | Oil & Gas | ILTB vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.42 | -0.28 | -0.28 | 56 | Derivative Income | ILTB vs USOY | |
| United States Oil Fund LP | -0.41 | -0.22 | -0.16 | 66 | Oil & Gas | ILTB vs USO |
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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 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.08 | 0.12 | 78 | Technology | |
| Rocket Lab USA, Inc. | 0.06 | 0.13 | — | 93 | Industrials | |
| Tesla, Inc. | 0.09 | 0.14 | 0.12 | 55 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | 0.09 | 0.10 | 0.14 | 70 | Technology | |
| Amazon.com, Inc | 0.15 | 0.14 | 0.17 | 60 | Consumer Cyclical |
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