Looking to diversify beyond IRBO? The ETFs below have the lowest correlation with IRBO — 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 IRBO.
Best Diversifiers for IRBO
419 ETFs have low correlation with IRBO (below 0.3), 55 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.47, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | -0.47 | -0.47 | 51 | Derivative Income | IRBO vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 96 | Inflation-Protected Bonds | IRBO vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | IRBO vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 99 | Ultrashort Bond | IRBO vs BAMU | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | 0.01 | 100 | Ultrashort Bond | IRBO vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IRBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IRBO and solid risk/return profiles. The least correlated is Fortive Corporation (FTV) (Technology) with a 1Y correlation of 0.17, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortive Corporation | 0.17 | 0.42 | 0.52 | 60 | Technology | |
| Tesla, Inc. | 0.46 | 0.50 | 0.56 | 50 | Consumer Cyclical |
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