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
289 ETFs have low correlation with INCM (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.33 | — | 51 | Currency | INCM vs UUP | |
| ProShares UltraShort Yen | -0.33 | -0.24 | — | 72 | Leveraged Currency | INCM vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | INCM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | -0.34 | -0.34 | 70 | Derivative Income | INCM vs WNTR | |
| ProShares Short Bitcoin ETF | -0.30 | -0.23 | -0.22 | 57 | Cryptocurrency | INCM vs BITI |
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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 0.17, down from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.17 | 0.30 | — | 97 | Communication Services | |
| Avanos Medical, Inc. | 0.37 | 0.41 | — | 94 | Healthcare |
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