Looking to diversify beyond IRET? The ETFs below have the lowest correlation with IRET — 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 IRET.
Best Diversifiers for IRET
1185 ETFs have low correlation with IRET (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.20 | -0.20 | 61 | Leveraged Currency | IRET vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.08 | -0.00 | -0.00 | 77 | Commodities | IRET vs ISCMF | |
| NestYield Dynamic Income ETF | -0.07 | 0.05 | 0.05 | 59 | Derivative Income | IRET vs EGGY | |
| NestYield Visionary ETF | -0.06 | 0.06 | 0.06 | 63 | Derivative Income | IRET vs EGGQ | |
| First Trust Alternative Absolute Return Strategy E... | -0.06 | -0.02 | -0.02 | 70 | Commodities | IRET vs FAAR |
See all 2065 diversifiers for IRET
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Diversification Analysis
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