Looking to diversify beyond INDH? The ETFs below have the lowest correlation with INDH — 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 INDH.
Best Diversifiers for INDH
691 ETFs have low correlation with INDH (below 0.3), 95 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.31 | -0.11 | -0.11 | 65 | Oil & Gas | INDH vs BNO | |
| Invesco DB Energy Fund | -0.31 | — | — | 71 | Oil & Gas | INDH vs DBE | |
| United States Oil Fund LP | -0.30 | — | — | 66 | Oil & Gas | INDH vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | INDH vs USOY | |
| United States 12 Month Oil Fund LP | -0.28 | — | — | 56 | Oil & Gas | INDH vs USL |
See all 2180 diversifiers for INDH
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