Looking to diversify beyond IYT? The ETFs below have the lowest correlation with IYT — 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 IYT.
Best Diversifiers for IYT
473 ETFs have low correlation with IYT (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.06 | 71 | Oil & Gas | IYT vs DBE | |
| United States 12 Month Oil Fund LP | -0.29 | -0.06 | 0.07 | 56 | Oil & Gas | IYT vs USL | |
| United States Oil Fund LP | -0.29 | -0.08 | 0.05 | 66 | Oil & Gas | IYT vs USO | |
| Invesco DB Oil Fund | -0.28 | -0.07 | 0.06 | 65 | Oil & Gas | IYT vs DBO | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.05 | 65 | Oil & Gas | IYT vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYT and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.33, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.33 | 0.37 | 0.45 | 63 | Consumer Cyclical | |
| Freeport-McMoRan Inc. | 0.38 | 0.41 | 0.48 | 81 | Basic Materials | |
| Union Pacific Corporation | 0.63 | 0.68 | 0.71 | 71 | Industrials | |
| CSX Corporation | 0.64 | 0.66 | 0.72 | 88 | Industrials |
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