Looking to diversify beyond INCM? The ETFs below have historically moved differently from INCM, 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 INCM
286 ETFs have low correlation with INCM (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.24 | — | 59 | Leveraged Currency | INCM vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 69 | Derivative Income | INCM vs WNTR | |
| ProShares Short Bitcoin ETF | -0.28 | -0.22 | — | 51 | Cryptocurrency | INCM vs BITI | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.25 | -0.26 | -0.26 | 51 | Nontraditional Bonds | INCM vs RISR | |
| Invesco DB Energy Fund | -0.25 | -0.08 | -0.06 | 66 | Oil & Gas | INCM vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INCM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Warner Bros. Discovery, Inc. (WBD) (Communication Services) with a 1Y correlation of 0.17, down from 0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.17 | 0.30 | — | 96 | Communication Services |
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