Looking to balance out your exposure to IAG? The ETFs below have historically moved differently from IAG, 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 IAG
3 ETFs have low correlation with IAG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.01 | 0.00 | 100 | Ultrashort Bond | IAG vs SGOV | |
| VictoryShares US EQ Income Enhanced Volatility Wtd... | 0.11 | 0.16 | 0.22 | 84 | Low Volatility | IAG vs CDC | |
| Angel Oak Mortgage-Backed Securities ETF | 0.29 | — | — | 56 | Intermediate Core-Plus Bond | IAG vs MBS | |
| Invesco QQQ ETF | 0.38 | 0.25 | 0.21 | 54 | Nasdaq-100 | IAG vs QQQ | |
| Vanguard S&P 500 ETF | 0.41 | 0.27 | 0.26 | 72 | S&P 500 | IAG vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAG, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.10 | 0.02 | 0.07 | 59 | Financial Services | |
| AXIS Capital Holdings Limited | -0.06 | 0.05 | 0.10 | 59 | Financial Services | |
| Universal Insurance Holdings, Inc. | -0.03 | 0.08 | 0.08 | 94 | Financial Services | |
| NGL Energy Partners LP | -0.03 | 0.02 | 0.09 | 99 | Energy | |
| The Hanover Insurance Group, Inc. | -0.02 | 0.04 | 0.07 | 87 | Financial Services |
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