Looking to diversify beyond IVOV? The ETFs below have historically moved differently from IVOV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IVOV
336 ETFs have low correlation with IVOV (below 0.3), 54 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | IVOV vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.32 | -0.32 | — | 61 | Cryptocurrency | IVOV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IVOV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | IVOV vs SMST | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.10 | — | 56 | Options Trading | IVOV vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IVOV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.12 | 0.23 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.01 | 0.25 | 0.36 | 80 | Energy | |
| Duke Energy Corporation | 0.00 | 0.15 | 0.22 | 56 | Utilities | |
| Energy Transfer LP | 0.03 | 0.28 | 0.40 | 81 | Energy | |
| Johnson & Johnson | 0.03 | 0.17 | 0.20 | 97 | Healthcare |
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