Looking to diversify beyond IYG? The ETFs below have the lowest correlation with IYG — 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 IYG.
Best Diversifiers for IYG
477 ETFs have low correlation with IYG (below 0.3), 45 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.22, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | -0.28 | -0.28 | 51 | Derivative Income | IYG vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.05 | 0.10 | 60 | Oil & Gas | IYG vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | IYG vs RBIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.17 | — | — | 63 | Inverse Equities | IYG vs NFXS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | IYG vs IBIC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYG and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.15 | 0.18 | 0.19 | 75 | Healthcare | |
| Palo Alto Networks, Inc. | 0.18 | 0.28 | 0.35 | 69 | Technology | |
| Apple Inc | 0.31 | 0.30 | 0.41 | 88 | Technology | |
| CRISPR Therapeutics AG | 0.33 | 0.36 | 0.40 | 51 | Healthcare | |
| Royal Bank of Canada | 0.60 | 0.63 | 0.69 | 97 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IYG
Add IYG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IYG