Looking to diversify beyond INCO? The ETFs below have the lowest correlation with INCO — 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 INCO.
Best Diversifiers for INCO
964 ETFs have low correlation with INCO (below 0.3), 81 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.10 | 0.00 | 72 | Oil & Gas | INCO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.30 | — | — | 98 | Inflation-Protected Bonds | INCO vs IBIC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.29 | -0.07 | 0.03 | 51 | Commodities | INCO vs PDBC | |
| VanEck Commodity Strategy ETF | -0.26 | -0.04 | — | 69 | Commodities | INCO vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | INCO vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INCO and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.24, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.24 | -0.06 | 0.10 | 51 | Industrials | |
| Northrop Grumman Corporation | -0.13 | -0.01 | 0.05 | 50 | Industrials | |
| Ecopetrol S.A. | -0.10 | 0.07 | 0.13 | 92 | Energy | |
| Lockheed Martin Corporation | -0.05 | -0.01 | 0.06 | 60 | Industrials | |
| The Coca-Cola Company | -0.05 | 0.05 | 0.14 | 82 | Consumer Defensive |
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