Looking to diversify beyond LIBD? The ETFs below have historically moved differently from LIBD, 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 LIBD
1434 ETFs have low correlation with LIBD (below 0.3), 124 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | — | — | 86 | Leveraged Currency | LIBD vs YCS | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.35 | — | — | 55 | Currency | LIBD vs USDU | |
| Invesco DB Energy Fund | -0.35 | — | — | 79 | Oil & Gas | LIBD vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.34 | — | — | 65 | Currency | LIBD vs UUP | |
| United States Gasoline Fund LP | -0.33 | — | — | 92 | Oil & Gas | LIBD vs UGA |
See all 2022 diversifiers for LIBD
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Diversification Analysis
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