Looking to diversify beyond IVAL? The ETFs below have the lowest correlation with IVAL — 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 IVAL.
Best Diversifiers for IVAL
371 ETFs have low correlation with IVAL (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.28 | -0.22 | 63 | Leveraged Currency | IVAL vs YCS | |
| United States Brent Oil Fund LP | -0.26 | 0.01 | 0.19 | 65 | Oil & Gas | IVAL vs BNO | |
| Invesco DB Energy Fund | -0.26 | -0.00 | 0.19 | 71 | Oil & Gas | IVAL vs DBE | |
| United States Oil Fund LP | -0.25 | 0.01 | 0.19 | 66 | Oil & Gas | IVAL vs USO | |
| United States Gasoline Fund LP | -0.22 | -0.00 | 0.17 | 71 | Oil & Gas | IVAL vs UGA |
See all 2188 diversifiers for IVAL
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Diversification Analysis
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