Looking to diversify beyond IYH? The ETFs below have historically moved differently from IYH, 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 IYH
1345 ETFs have low correlation with IYH (below 0.3), 90 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.32 | -0.19 | -0.07 | 52 | Oil & Gas | IYH vs BNO | |
| United States Oil Fund LP | -0.31 | -0.19 | -0.07 | 55 | Oil & Gas | IYH vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.19 | -0.06 | 72 | Oil & Gas | IYH vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.16 | -0.05 | 87 | Oil & Gas | IYH vs UGA | |
| Invesco DB Oil Fund | -0.29 | -0.19 | -0.06 | 58 | Oil & Gas | IYH vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYH, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.12 | 0.07 | 0.23 | 67 | Technology | |
| NVIDIA Corporation | -0.08 | 0.08 | 0.24 | 56 | Technology | |
| Celestica Inc. | -0.07 | 0.08 | 0.20 | 73 | Technology | |
| Advanced Micro Devices, Inc. | -0.05 | 0.12 | 0.23 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.02 | 0.12 | 0.19 | 87 | Technology |
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