Looking to diversify beyond INDE? The ETFs below have the lowest correlation with INDE — 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 INDE.
Best Diversifiers for INDE
556 ETFs have low correlation with INDE (below 0.3), 95 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.13 | -0.13 | 53 | Oil & Gas | INDE vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.08 | -0.08 | 51 | Commodities | INDE vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.29 | -0.06 | -0.06 | 54 | Commodities | INDE vs DBC | |
| United States Gasoline Fund LP | -0.28 | — | — | 78 | Oil & Gas | INDE vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.28 | -0.06 | -0.06 | 55 | Commodities | INDE vs PDBC |
See all 2037 diversifiers for INDE
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