Looking to diversify beyond ITB? The ETFs below have the lowest correlation with ITB — 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 ITB.
Best Diversifiers for ITB
464 ETFs have low correlation with ITB (below 0.3), 53 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.12 | -0.01 | 72 | Oil & Gas | ITB vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.15 | 75 | Leveraged Currency | ITB vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.08 | 0.03 | 51 | Commodities | ITB vs PDBC | |
| VanEck Commodity Strategy ETF | -0.19 | -0.07 | — | 69 | Commodities | ITB vs PIT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.19 | -0.07 | 0.03 | 65 | Commodities | ITB vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ITB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ITB and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.09 | 0.05 | 0.09 | 78 | Energy | |
| Chevron Corporation | -0.07 | 0.13 | 0.18 | 67 | Energy | |
| ConocoPhillips Company | -0.07 | 0.11 | 0.15 | 63 | Energy | |
| Occidental Petroleum Corporation | -0.05 | 0.13 | 0.18 | 60 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.12 | 0.17 | 71 | Energy |
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Build a portfolio that complements ITB
Add ITB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ITB