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
888 ETFs have low correlation with INDS (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.30 | -0.22 | 75 | Leveraged Currency | INDS vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.09 | 0.00 | 72 | Oil & Gas | INDS vs UGA | |
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | — | — | 53 | Inverse Equities | INDS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 60 | Inverse Equities, Leveraged Equities | INDS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.17 | — | — | 65 | Derivative Income | INDS vs WNTR |
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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 -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.02 | 0.15 | 0.24 | 80 | Energy | |
| Enterprise Products Partners L.P. | 0.06 | 0.20 | 0.26 | 83 | Energy | |
| Realty Income Corporation | 0.63 | 0.64 | 0.67 | 72 | Real Estate | |
| Prologis, Inc. | 0.79 | 0.83 | 0.85 | 86 | Real Estate |
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