Looking to diversify beyond IOCT? The ETFs below have the lowest correlation with IOCT — 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 IOCT.
Best Diversifiers for IOCT
308 ETFs have low correlation with IOCT (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.27 | -0.23 | 63 | Leveraged Currency | IOCT vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.10 | 0.04 | 71 | Oil & Gas | IOCT vs DBE | |
| United States Oil Fund LP | -0.38 | -0.10 | 0.04 | 66 | Oil & Gas | IOCT vs USO | |
| United States Brent Oil Fund LP | -0.37 | -0.09 | — | 65 | Oil & Gas | IOCT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | -0.13 | -0.13 | 56 | Derivative Income | IOCT vs USOY |
See all 2181 diversifiers for IOCT
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