Looking to diversify beyond IVOV? The ETFs below have the lowest correlation with IVOV — 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 IVOV.
Best Diversifiers for IVOV
321 ETFs have low correlation with IVOV (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.32 | -0.35 | 57 | Cryptocurrency | IVOV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IVOV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.33 | -0.33 | 68 | Inverse Equities, Leveraged Equities | IVOV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.34 | -0.34 | 60 | Inverse Equities | IVOV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | IVOV vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVOV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.12 | 0.24 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.03 | 0.22 | 0.34 | 70 | Energy | |
| Walmart Inc. | 0.01 | 0.14 | 0.23 | 71 | Consumer Defensive | |
| Duke Energy Corporation | 0.01 | 0.14 | 0.20 | 66 | Utilities | |
| Johnson & Johnson | 0.03 | 0.16 | 0.20 | 97 | Healthcare |
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Build a portfolio that complements IVOV
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