Looking to diversify beyond IMFL? The ETFs below have the lowest correlation with IMFL — 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 IMFL.
Best Diversifiers for IMFL
196 ETFs have low correlation with IMFL (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.29 | -0.25 | 61 | Leveraged Currency | IMFL vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.08 | 0.08 | 71 | Oil & Gas | IMFL vs DBE | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.08 | 66 | Oil & Gas | IMFL vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.07 | 0.07 | 65 | Oil & Gas | IMFL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.10 | -0.10 | 56 | Derivative Income | IMFL vs USOY |
See all 1184 diversifiers for IMFL
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