Looking to diversify beyond INDS? The ETFs below have the lowest correlation with INDS — 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 INDS.
Best Diversifiers for INDS
556 ETFs have low correlation with INDS (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.30 | -0.21 | 61 | Leveraged Currency | INDS vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | -0.10 | -0.10 | 97 | Inflation-Protected Bonds | INDS vs RBIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.02 | -0.03 | 77 | Commodities | INDS vs ISCMF | |
| Fidelity Managed Futures ETF | -0.11 | -0.10 | -0.10 | 64 | Systematic Trend | INDS vs FFUT | |
| TCW AAA CLO ETF | -0.09 | 0.01 | 0.01 | 99 | CLO | INDS vs ACLO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDS and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.03 | 0.15 | 0.23 | 67 | Energy | |
| Enterprise Products Partners L.P. | 0.08 | 0.24 | 0.29 | 82 | Energy | |
| Prologis, Inc. | 0.80 | 0.84 | 0.86 | 88 | Real Estate |
Build a portfolio that complements INDS
Add INDS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with INDS