Looking to diversify beyond ITB? The ETFs below have historically moved differently from ITB, 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 ITB
461 ETFs have low correlation with ITB (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.17 | -0.03 | 72 | Oil & Gas | ITB vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.14 | -0.02 | 87 | Oil & Gas | ITB vs UGA | |
| United States Brent Oil Fund LP | -0.35 | -0.15 | -0.03 | 52 | Oil & Gas | ITB vs BNO | |
| United States Oil Fund LP | -0.34 | -0.15 | -0.03 | 55 | Oil & Gas | ITB vs USO | |
| Invesco DB Oil Fund | -0.34 | -0.14 | -0.02 | 58 | Oil & Gas | ITB vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ITB, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.16 | 0.10 | 0.16 | 70 | Energy | |
| ConocoPhillips Company | -0.14 | 0.08 | 0.14 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.14 | 0.03 | 0.07 | 85 | Energy | |
| BP p.l.c. | -0.14 | 0.08 | 0.13 | 84 | Energy | |
| Chevron Corporation | -0.14 | 0.11 | 0.16 | 80 | Energy |
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