Looking to diversify beyond ISHG? The ETFs below have historically moved differently from ISHG, 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 ISHG
458 ETFs have low correlation with ISHG (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.69, roughly unchanged from -0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.69 | -0.64 | -0.62 | 56 | Leveraged Currency | ISHG vs YCS | |
| United States Oil Fund LP | -0.32 | -0.14 | -0.01 | 55 | Oil & Gas | ISHG vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.13 | -0.01 | 52 | Oil & Gas | ISHG vs BNO | |
| TCW AAA CLO ETF | -0.30 | — | — | 99 | CLO | ISHG vs ACLO | |
| Invesco DB Energy Fund | -0.30 | -0.13 | -0.01 | 72 | Oil & Gas | ISHG vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ISHG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.00 | 0.08 | 62 | Consumer Defensive | |
| Caterpillar Inc. | 0.25 | 0.20 | 0.23 | 92 | Industrials | |
| Cohen & Steers Infrastructure Fund, Inc | 0.27 | 0.26 | 0.27 | 74 | Financial Services | |
| Alphabet Inc. Class A | 0.31 | 0.17 | 0.21 | 95 | Communication Services |
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