Looking to diversify beyond IYT? The ETFs below have historically moved differently from IYT, 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 IYT
475 ETFs have low correlation with IYT (below 0.3), 96 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.30, down from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.30 | -0.07 | — | 56 | Options Trading | IYT vs CAOS | |
| Invesco DB Energy Fund | -0.30 | -0.12 | 0.04 | 72 | Oil & Gas | IYT vs DBE | |
| United States Oil Fund LP | -0.28 | -0.12 | 0.03 | 55 | Oil & Gas | IYT vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.11 | 0.03 | 52 | Oil & Gas | IYT vs BNO | |
| Invesco DB Oil Fund | -0.27 | -0.11 | 0.03 | 58 | Oil & Gas | IYT 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 IYT, 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 Freeport-McMoRan Inc. (FCX) (Basic Materials) with a 1Y correlation of 0.29, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Freeport-McMoRan Inc. | 0.29 | 0.39 | 0.46 | 78 | Basic Materials | |
| Amazon.com, Inc | 0.32 | 0.36 | 0.45 | 60 | Consumer Cyclical | |
| Union Pacific Corporation | 0.61 | 0.67 | 0.71 | 85 | Industrials | |
| CSX Corporation | 0.64 | 0.67 | 0.71 | 90 | Industrials |
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