Looking to diversify beyond IVOO? The ETFs below have the lowest correlation with IVOO — 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 IVOO.
Best Diversifiers for IVOO
306 ETFs have low correlation with IVOO (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | -0.38 | 57 | Cryptocurrency | IVOO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IVOO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.39 | -0.39 | 68 | Inverse Equities, Leveraged Equities | IVOO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.40 | -0.40 | 60 | Inverse Equities | IVOO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | IVOO vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVOO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVOO and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.18, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.18 | 0.40 | 0.54 | 53 | Financial Services | |
| Ashland Global Holdings Inc. | 0.62 | 0.63 | 0.66 | 67 | Basic Materials |
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