Looking to diversify beyond ISHP? The ETFs below have the lowest correlation with ISHP — 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 ISHP.
Best Diversifiers for ISHP
372 ETFs have low correlation with ISHP (below 0.3), 83 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.04 | 0.05 | 66 | Oil & Gas | ISHP vs USO | |
| Invesco DB Energy Fund | -0.33 | -0.04 | 0.06 | 71 | Oil & Gas | ISHP vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.04 | 0.04 | 65 | Oil & Gas | ISHP vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.01 | 0.06 | 56 | Oil & Gas | ISHP vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.31 | -0.01 | 0.06 | 56 | Leveraged Commodities | ISHP vs UCO |
See all 2181 diversifiers for ISHP
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Diversification Analysis
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