Looking to diversify beyond INDF? The ETFs below have the lowest correlation with INDF — 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 INDF.
Best Diversifiers for INDF
2075 ETFs have low correlation with INDF (below 0.3), 232 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.05 | -0.06 | 61 | Leveraged Currency | INDF vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | INDF vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | 0.03 | 0.03 | 99 | Ultrashort Bond | INDF vs CSHP | |
| Twin Oak Short Horizon Absolute Return ETF | -0.12 | -0.08 | -0.08 | 50 | Multistrategy | INDF vs TOAK | |
| Amplify Samsung SOFR ETF | -0.11 | -0.11 | -0.11 | 98 | Multisector Bonds | INDF vs SOFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDF and solid risk/return profiles. The least correlated is Citigroup Inc. (C) (Financial Services) with a 1Y correlation of -0.06, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Citigroup Inc. | -0.06 | 0.19 | 0.31 | 95 | Financial Services |
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