Looking to diversify beyond IVOL? The ETFs below have the lowest correlation with IVOL — 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 IVOL.
Best Diversifiers for IVOL
1928 ETFs have low correlation with IVOL (below 0.3), 1054 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.32 | -0.32 | 72 | Leveraged Currency | IVOL vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.29 | -0.26 | 51 | Currency | IVOL vs UUP | |
| Fidelity Managed Futures ETF | -0.19 | — | — | 71 | Systematic Trend | IVOL vs FFUT | |
| Global X Hydrogen ETF | -0.17 | -0.08 | -0.02 | 55 | Alternative Energy Equities | IVOL vs HYDR | |
| ProShares Investment Grade-Interest Rate Hedged | -0.17 | -0.09 | -0.07 | 58 | Corporate Bonds | IVOL vs IGHG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVOL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVOL and solid risk/return profiles. The least correlated is Everest Group Ltd (EG) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Everest Group Ltd | 0.01 | -0.07 | -0.06 | 62 | Financial Services |
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