Looking to diversify beyond INDL? The ETFs below have the lowest correlation with INDL — 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 INDL.
Best Diversifiers for INDL
533 ETFs have low correlation with INDL (below 0.3), 90 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.13 | 0.02 | 53 | Oil & Gas | INDL vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.06 | 0.05 | 51 | Commodities | INDL vs GSG | |
| United States Gasoline Fund LP | -0.31 | -0.10 | 0.02 | 78 | Oil & Gas | INDL vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.31 | — | — | 98 | Inflation-Protected Bonds | INDL vs IBIC | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.28 | -0.33 | 51 | Currency | INDL vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDL and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.16, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.16 | 0.05 | — | 79 | Energy | |
| YPF Sociedad Anónima | -0.09 | 0.09 | 0.19 | 78 | Energy | |
| Arch Capital Group Ltd. | 0.01 | 0.11 | 0.21 | 68 | Financial Services | |
| German American Bancorp, Inc. | 0.18 | 0.22 | 0.26 | 73 | Financial Services | |
| Glaukos Corporation | 0.18 | 0.20 | 0.26 | 74 | Healthcare |
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