Looking to diversify beyond INKM? The ETFs below have historically moved differently from INKM, 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 INKM
213 ETFs have low correlation with INKM (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.32 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 | -0.36 | -0.32 | 59 | Leveraged Currency | INKM vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 63 | Derivative Income | INKM vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.13 | 0.05 | 53 | Oil & Gas | INKM vs DBE | |
| United States Gasoline Fund, LP | -0.24 | -0.11 | 0.05 | 74 | Oil & Gas | INKM vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.05 | 0.11 | 50 | Commodities | INKM vs GSG |
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