Looking to balance out your exposure to IAC? The ETFs below have the lowest correlation with IAC — they tend to move on their own, which can help reduce risk when IAC drops. The stock ideas table highlights individual companies that behave independently from IAC.
Best Diversifiers for IAC
0 ETFs have low correlation with IAC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.37, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.37 | 0.42 | 0.53 | 73 | Nasdaq-100 | IAC vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.48 | 0.54 | 70 | S&P 500 | IAC vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.48 | 0.54 | 70 | S&P 500 | IAC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAC and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.10, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.10 | 0.24 | 0.28 | 81 | Technology | |
| NVIDIA Corporation | 0.10 | 0.16 | 0.34 | 78 | Technology | |
| Rogers Communications Inc. | 0.12 | 0.26 | 0.22 | 83 | Communication Services | |
| CrowdStrike Holdings, Inc. | 0.20 | 0.25 | 0.40 | 70 | Technology | |
| Advanced Micro Devices, Inc. | 0.20 | 0.29 | 0.38 | 98 | Technology |
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