Looking to diversify beyond INCM? The ETFs below have the lowest correlation with INCM — 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 INCM.
Best Diversifiers for INCM
231 ETFs have low correlation with INCM (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.23 | -0.23 | 63 | Leveraged Currency | INCM vs YCS | |
| United States Gasoline Fund LP | -0.16 | -0.02 | -0.02 | 55 | Oil & Gas | INCM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | — | — | 98 | Inflation-Protected Bonds | INCM vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | — | 100 | Government Bonds, Ultrashort Bond | INCM vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | -0.00 | -0.00 | 99 | Ultrashort Bond | INCM vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INCM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INCM and solid risk/return profiles. The least correlated is Warner Bros. Discovery, Inc. (WBD) (Communication Services) with a 1Y correlation of 0.21, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.21 | 0.31 | 0.31 | 97 | Communication Services |
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