Looking to diversify beyond IREG? The ETFs below have the lowest correlation with IREG — 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 IREG.
Best Diversifiers for IREG
2 ETFs have low correlation with IREG (below 0.3), 1 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.11 | -0.11 | -0.11 | 58 | Leveraged Equities | IREG vs NRGU | |
| Direxion Daily CSI 300 China A Share Bull 2x Share... | 0.25 | 0.25 | 0.25 | 74 | Leveraged Equities, China Equities | IREG vs CHAU | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.53 | 0.53 | 0.53 | 89 | Leveraged Equities, S&P 500 | IREG vs HIBL |
Diversification Analysis
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