Looking to balance out your exposure to ITUB? The ETFs below have historically moved differently from ITUB, 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 ITUB
0 ETFs have low correlation with ITUB (below 0.3), 0 of which are negatively correlated. The least correlated is FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) (Natural Resources) with a 1Y correlation of 0.36, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares Morningstar Global Upstream Natural Res... | 0.36 | 0.36 | 0.39 | 79 | Natural Resources | ITUB vs GUNR | |
| VanEck Semiconductor ETF | 0.39 | 0.27 | 0.24 | 88 | Semiconductors, Technology Equities | ITUB vs SMH | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.39 | 0.34 | 78 | S&P 500 | ITUB vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.39 | 0.34 | 78 | S&P 500 | ITUB vs VOO | |
| Global X FTSE Southeast Asia ETF | 0.50 | 0.41 | 0.37 | 88 | Asia Pacific Equities | ITUB vs ASEA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ITUB, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | -0.01 | 0.13 | 85 | Energy | |
| Altria Group, Inc. | -0.08 | 0.07 | 0.13 | 66 | Consumer Defensive | |
| VeriSign, Inc. | -0.07 | 0.06 | 0.09 | 58 | Technology | |
| Enterprise Products Partners L.P. | -0.05 | 0.08 | 0.17 | 89 | Energy | |
| Walmart Inc. | -0.01 | 0.07 | 0.06 | 60 | Consumer Defensive |
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