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
2058 ETFs have low correlation with INDF (below 0.3), 657 of which are negatively correlated. The least correlated is Janus Henderson B-BBB CLO ETF (JBBB) (CLO) with a 1Y correlation of -0.15, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson B-BBB CLO ETF | -0.15 | 0.04 | — | 56 | CLO | INDF vs JBBB | |
| ProShares UltraShort Yen | -0.15 | -0.06 | -0.06 | 75 | Leveraged Currency | INDF vs YCS | |
| iShares Short Maturity Municipal Bond ETF | -0.15 | 0.03 | 0.07 | 96 | Municipal Bonds | INDF vs MEAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | INDF vs CSHP | |
| GraniteShares 2x Long VRT Daily ETF | -0.12 | -0.02 | -0.02 | 87 | Leveraged Equities | INDF vs VRTL |
To view more results, upgrade your current subscription plan.
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 -0.08, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Citigroup Inc. | -0.08 | 0.18 | 0.31 | 92 | Financial Services |
Build a portfolio that complements INDF
Add INDF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with INDF