Looking to balance out your exposure to IAG? The ETFs below have the lowest correlation with IAG — they tend to move on their own, which can help reduce risk when IAG drops. The stock ideas table highlights individual companies that behave independently from IAG.
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 -0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.02 | 0.01 | 100 | Ultrashort Bond | IAG vs SGOV | |
| VictoryShares US EQ Income Enhanced Volatility Wtd... | 0.15 | 0.18 | 0.24 | 58 | Large Cap Value Equities | IAG vs CDC | |
| Angel Oak Mortgage-Backed Securities ETF | 0.25 | — | — | 69 | Intermediate Core-Plus Bond | IAG vs MBS | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.26 | 0.25 | 70 | S&P 500 | IAG vs SPY | |
| Vanguard S&P 500 ETF | 0.30 | 0.26 | 0.25 | 70 | S&P 500 | IAG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAG and solid risk/return profiles. The least correlated is Reddit, Inc. (RDDT) (Communication Services) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reddit, Inc. | 0.01 | 0.09 | 0.09 | 62 | Communication Services | |
| Virtu Financial, Inc. | 0.03 | 0.12 | 0.16 | 64 | Financial Services | |
| Innovex International, Inc | 0.05 | 0.12 | 0.20 | 86 | Energy | |
| Marvell Technology Group Ltd. | 0.10 | 0.15 | 0.16 | 98 | Technology | |
| Catalyst Pharmaceuticals, Inc. | 0.10 | 0.14 | 0.16 | 60 | Healthcare |
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