Looking to diversify beyond INCO? The ETFs below have historically moved differently from INCO, 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 INCO
1094 ETFs have low correlation with INCO (below 0.3), 120 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.15 | -0.02 | 72 | Oil & Gas | INCO vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.13 | -0.02 | 52 | Oil & Gas | INCO vs BNO | |
| United States Oil Fund LP | -0.39 | -0.13 | -0.01 | 55 | Oil & Gas | INCO vs USO | |
| Invesco DB Oil Fund | -0.37 | -0.11 | -0.00 | 58 | Oil & Gas | INCO vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.35 | -0.09 | 0.01 | 58 | Commodities | INCO vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INCO, 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 Ecopetrol S.A. (EC) (Energy) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ecopetrol S.A. | -0.13 | 0.06 | 0.12 | 96 | Energy | |
| The Coca-Cola Company | -0.05 | 0.04 | 0.14 | 90 | Consumer Defensive | |
| Lockheed Martin Corporation | -0.04 | -0.01 | 0.05 | 80 | Industrials | |
| UnitedHealth Group Incorporated | -0.04 | -0.01 | 0.11 | 86 | Healthcare | |
| Agree Realty Corporation | 0.00 | 0.09 | 0.16 | 68 | Real Estate |
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