Looking to diversify beyond IMFL? The ETFs below have historically moved differently from IMFL, 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 IMFL
189 ETFs have low correlation with IMFL (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.28 | — | 61 | Cryptocurrency | IMFL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | IMFL vs WNTR | |
| ProShares UltraShort Yen | -0.32 | -0.29 | -0.26 | 56 | Leveraged Currency | IMFL vs YCS | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.06 | — | 56 | Options Trading | IMFL vs CAOS | |
| Invesco DB Energy Fund | -0.28 | -0.10 | 0.07 | 72 | Oil & Gas | IMFL vs DBE |
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