Looking to diversify beyond IREG? The ETFs below have historically moved differently from IREG, 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 IREG
3 ETFs have low correlation with IREG (below 0.3), 3 of which are negatively correlated. The least correlated is ProShares Ultra Health Care (RXL) (Leveraged Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Health Care | -0.13 | -0.13 | -0.13 | 63 | Leveraged Equities | IREG vs RXL | |
| MicroSectors Energy 3X Leveraged ETN | -0.12 | -0.12 | -0.12 | 55 | Leveraged Equities | IREG vs WTIU | |
| Direxion Daily LLY Bull 2X Shares | -0.08 | -0.08 | -0.08 | 51 | Leveraged Equities | IREG vs ELIL | |
| ProShares Ultra Midcap 400 | 0.43 | 0.43 | 0.43 | 50 | Leveraged Equities | IREG vs MVV | |
| ProShares Ultra MSCI Japan | 0.44 | 0.44 | 0.44 | 54 | Japan Equities, Leveraged Equities, Asia Pacific Equities | IREG vs EZJ |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IREG
Add IREG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IREG