Looking to diversify beyond INKM? The ETFs below have the lowest correlation with INKM — 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 INKM.
Best Diversifiers for INKM
220 ETFs have low correlation with INKM (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.35 | -0.31 | 61 | Leveraged Currency | INKM vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.09 | 0.07 | 71 | Oil & Gas | INKM vs DBE | |
| United States Oil Fund LP | -0.27 | -0.09 | 0.07 | 66 | Oil & Gas | INKM vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.08 | 0.06 | 65 | Oil & Gas | INKM vs BNO | |
| United States Gasoline Fund LP | -0.24 | -0.07 | 0.07 | 69 | Oil & Gas | INKM vs UGA |
See all 2105 diversifiers for INKM
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Diversification Analysis
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