Looking to diversify beyond ITM? The ETFs below have historically moved differently from ITM, 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 ITM
1117 ETFs have low correlation with ITM (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.34 | -0.17 | -0.09 | 58 | Oil & Gas | ITM vs DBO | |
| Invesco DB Energy Fund | -0.34 | -0.17 | -0.08 | 72 | Oil & Gas | ITM vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.16 | -0.09 | 52 | Oil & Gas | ITM vs BNO | |
| United States Gasoline Fund, LP | -0.31 | -0.15 | -0.06 | 87 | Oil & Gas | ITM vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.14 | -0.06 | 67 | Commodities | ITM vs GSG |
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