Looking to diversify beyond IYRI? The ETFs below have historically moved differently from IYRI, 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 IYRI
1362 ETFs have low correlation with IYRI (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.20 | -0.20 | 59 | Leveraged Currency | IYRI vs YCS | |
| Invesco DB Energy Fund | -0.18 | — | — | 53 | Oil & Gas | IYRI vs DBE | |
| United States Gasoline Fund, LP | -0.18 | — | — | 74 | Oil & Gas | IYRI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | — | — | 50 | Commodities | IYRI vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.07 | -0.07 | 56 | Commodities | IYRI vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYRI, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | 0.00 | 0.00 | 59 | Technology | |
| BlackRock Science and Technology Term Trust | -0.06 | 0.06 | 0.06 | 89 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | -0.01 | — | — | 57 | Technology | |
| BlackRock Science and Technology Trust | 0.03 | 0.12 | 0.12 | 84 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.14 | 0.25 | 0.25 | 80 | Financial Services |
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