Looking to diversify beyond IYG? The ETFs below have historically moved differently from IYG, 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 IYG
572 ETFs have low correlation with IYG (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.11 | 0.08 | 66 | Oil & Gas | IYG vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 69 | Derivative Income | IYG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.26 | -0.29 | — | 51 | Cryptocurrency | IYG vs BITI | |
| Invesco DB Oil Fund | -0.26 | -0.09 | 0.08 | 51 | Oil & Gas | IYG vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.05 | 0.13 | 61 | Commodities | IYG vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYG, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.07, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.07 | 0.17 | 0.25 | 53 | Energy | |
| Eli Lilly and Company | 0.10 | 0.18 | 0.19 | 79 | Healthcare | |
| Arista Networks, Inc. | 0.19 | 0.25 | 0.35 | 75 | Technology | |
| Palo Alto Networks, Inc. | 0.21 | 0.28 | 0.36 | 90 | Technology | |
| Lam Research Corporation | 0.27 | 0.33 | 0.45 | 95 | Technology |
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