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
678 ETFs have low correlation with INDL (below 0.3), 96 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.35 | -0.09 | 0.03 | 66 | Oil & Gas | INDL vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | INDL vs USOY | |
| Invesco DB Energy Fund | -0.33 | -0.09 | 0.04 | 71 | Oil & Gas | INDL vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.08 | 0.03 | 65 | Oil & Gas | INDL vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.07 | 0.05 | 65 | Oil & Gas | INDL vs DBO |
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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 -0.13, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.13 | 0.08 | — | 82 | Energy | |
| YPF Sociedad Anónima | -0.09 | 0.09 | 0.20 | 72 | Energy | |
| Glaukos Corporation | 0.18 | 0.20 | 0.26 | 52 | Healthcare | |
| German American Bancorp, Inc. | 0.19 | 0.22 | 0.26 | 65 | Financial Services | |
| International Business Machines Corporation | 0.22 | 0.27 | 0.33 | 61 | Technology |
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