Looking to diversify beyond ITDB? The ETFs below have the lowest correlation with ITDB — 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 ITDB.
Best Diversifiers for ITDB
185 ETFs have low correlation with ITDB (below 0.3), 50 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 53 | Inverse Equities | ITDB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 60 | Inverse Equities, Leveraged Equities | ITDB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | ITDB vs WNTR | |
| ProShares UltraShort Yen | -0.33 | — | — | 75 | Leveraged Currency | ITDB vs YCS | |
| United States Gasoline Fund LP | -0.26 | — | — | 72 | Oil & Gas | ITDB vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ITDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ITDB and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.45 | 0.46 | 0.46 | 75 | Financial Services |
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