Looking to diversify beyond IMCB? The ETFs below have the lowest correlation with IMCB — 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 IMCB.
Best Diversifiers for IMCB
356 ETFs have low correlation with IMCB (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.13 | 71 | Oil & Gas | IMCB vs DBE | |
| United States Oil Fund LP | -0.24 | -0.02 | 0.12 | 66 | Oil & Gas | IMCB vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.01 | 0.12 | 65 | Oil & Gas | IMCB vs BNO | |
| United States 12 Month Oil Fund LP | -0.22 | 0.00 | 0.14 | 56 | Oil & Gas | IMCB vs USL | |
| United States Gasoline Fund LP | -0.22 | -0.02 | 0.11 | 71 | Oil & Gas | IMCB vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMCB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.23, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.23 | 0.34 | 0.51 | 82 | Technology | |
| Intel Corporation | 0.39 | 0.45 | 0.53 | 98 | Technology | |
| Symbotic Inc | 0.44 | 0.48 | 0.35 | 66 | Industrials | |
| QUALCOMM Incorporated | 0.54 | 0.57 | 0.63 | 78 | Technology | |
| Cognex Corporation | 0.59 | 0.63 | 0.67 | 89 | Technology |
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