Looking to diversify beyond INDS? The ETFs below have historically moved differently from INDS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for INDS
928 ETFs have low correlation with INDS (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.30 | -0.22 | 56 | Leveraged Currency | INDS vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.14 | -0.01 | 72 | Oil & Gas | INDS vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.12 | -0.02 | 52 | Oil & Gas | INDS vs BNO | |
| United States Oil Fund LP | -0.26 | -0.13 | -0.02 | 55 | Oil & Gas | INDS vs USO | |
| Invesco DB Oil Fund | -0.24 | -0.11 | -0.01 | 58 | Oil & Gas | INDS vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INDS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.14 | 0.21 | 81 | Energy | |
| Enterprise Products Partners L.P. | 0.03 | 0.20 | 0.25 | 89 | Energy | |
| Realty Income Corporation | 0.62 | 0.64 | 0.67 | 77 | Real Estate | |
| Prologis, Inc. | 0.76 | 0.82 | 0.85 | 90 | Real Estate |
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