Looking to diversify beyond INDA? The ETFs below have the lowest correlation with INDA — 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 INDA.
Best Diversifiers for INDA
560 ETFs have low correlation with INDA (below 0.3), 54 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 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.08 | 0.03 | 55 | Oil & Gas | INDA vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | INDA vs IBIC | |
| VanEck Commodity Strategy ETF | -0.23 | -0.01 | — | 57 | Commodities | INDA vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | INDA vs RBIL | |
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.09 | 63 | Leveraged Currency | INDA vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDA and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.16, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.16 | 0.01 | 0.12 | 65 | Energy | |
| BP p.l.c. | -0.14 | 0.05 | 0.15 | 77 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.06 | 0.17 | 85 | Energy | |
| Exxon Mobil Corporation | -0.11 | 0.03 | 0.13 | 72 | Energy | |
| Altria Group, Inc. | -0.10 | 0.04 | 0.12 | 72 | Consumer Defensive |
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