Looking to diversify beyond ISTB? The ETFs below have historically moved differently from ISTB, 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 ISTB
1000 ETFs have low correlation with ISTB (below 0.3), 114 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.51 | -0.54 | 56 | Leveraged Currency | ISTB vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.12 | 72 | Oil & Gas | ISTB vs DBE | |
| United States Brent Oil Fund LP | -0.43 | -0.23 | -0.12 | 52 | Oil & Gas | ISTB vs BNO | |
| Invesco DB Oil Fund | -0.41 | -0.22 | -0.12 | 58 | Oil & Gas | ISTB vs DBO | |
| United States Gasoline Fund LP | -0.41 | -0.23 | -0.12 | 87 | Oil & Gas | ISTB vs UGA |
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