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
502 ETFs have low correlation with IYG (below 0.3), 73 of which are negatively correlated. The least correlated is United States 12 Month Oil Fund LP (USL) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States 12 Month Oil Fund LP | -0.22 | -0.02 | 0.13 | 56 | Oil & Gas | IYG vs USL | |
| Invesco DB Oil Fund | -0.21 | -0.03 | 0.12 | 65 | Oil & Gas | IYG vs DBO | |
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.12 | 71 | Oil & Gas | IYG vs DBE | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | -0.02 | 0.12 | 55 | Oil & Gas | IYG vs OILK | |
| United States Oil Fund LP | -0.20 | -0.03 | 0.12 | 66 | Oil & Gas | IYG vs USO |
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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 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.14 | 0.18 | 0.19 | 75 | Healthcare | |
| CRISPR Therapeutics AG | 0.32 | 0.36 | 0.39 | 64 | Healthcare | |
| Apple Inc | 0.36 | 0.33 | 0.46 | 90 | Technology |
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