Looking to diversify beyond IVE? The ETFs below have the lowest correlation with IVE — 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 IVE.
Best Diversifiers for IVE
397 ETFs have low correlation with IVE (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.04 | 0.13 | 71 | Oil & Gas | IVE vs DBE | |
| United States Oil Fund LP | -0.23 | -0.04 | 0.12 | 66 | Oil & Gas | IVE vs USO | |
| United States Brent Oil Fund LP | -0.22 | -0.03 | 0.12 | 65 | Oil & Gas | IVE vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.22 | -0.02 | 0.14 | 55 | Oil & Gas | IVE vs OILK | |
| Invesco DB Oil Fund | -0.22 | -0.03 | 0.13 | 65 | Oil & Gas | IVE vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.02 | 0.27 | 0.35 | 69 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.19 | 0.23 | 86 | Energy | |
| Energy Transfer LP | 0.06 | 0.28 | 0.39 | 69 | Energy | |
| Exxon Mobil Corporation | 0.07 | 0.27 | 0.36 | 85 | Energy | |
| BP p.l.c. | 0.07 | 0.22 | 0.34 | 87 | Energy |
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Build a portfolio that complements IVE
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