Looking to diversify beyond ISHG? The ETFs below have the lowest correlation with ISHG — 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 ISHG.
Best Diversifiers for ISHG
342 ETFs have low correlation with ISHG (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.72, down from -0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.72 | -0.64 | -0.62 | 61 | Leveraged Currency | ISHG vs YCS | |
| TCW AAA CLO ETF | -0.30 | — | — | 99 | CLO | ISHG vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | 0.01 | 0.01 | 99 | Ultrashort Bond | ISHG vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.12 | -0.12 | 97 | Inflation-Protected Bonds | ISHG vs RBIL | |
| Fidelity Managed Futures ETF | -0.15 | -0.16 | -0.16 | 64 | Systematic Trend | ISHG vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ISHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ISHG and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.01 | 0.08 | 69 | Consumer Defensive | |
| Caterpillar Inc. | 0.27 | 0.21 | 0.24 | 99 | Industrials | |
| Alphabet Inc. Class A | 0.30 | 0.17 | 0.20 | 96 | Communication Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.31 | 0.26 | 0.27 | 69 | Financial Services |
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