Looking to diversify beyond IAK? The ETFs below have historically moved differently from IAK, 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 IAK
1956 ETFs have low correlation with IAK (below 0.3), 588 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.37, down from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.37 | -0.07 | — | 66 | Artificial Intelligence, Technology Equities | IAK vs CHAT | |
| ProShares Ultra Semiconductors | -0.33 | -0.09 | 0.13 | 52 | Leveraged Equities, Semiconductors | IAK vs USD | |
| Roundhill AMD WeeklyPay ETF | -0.32 | — | — | 88 | Derivative Income, Leveraged Equities | IAK vs AMDW | |
| Leverage Shares 2X Long AMD Daily ETF | -0.32 | — | — | 86 | Leveraged Equities | IAK vs AMDG | |
| GraniteShares 2x Long AMD Daily ETF | -0.32 | — | — | 86 | Leveraged Equities | IAK vs AMDL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAK, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.31, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.31 | -0.07 | 0.13 | 67 | Technology | |
| NVIDIA Corporation | -0.24 | -0.07 | 0.12 | 56 | Technology | |
| Rocket Lab USA, Inc. | -0.14 | 0.06 | — | 62 | Industrials | |
| AST SpaceMobile, Inc. | -0.09 | 0.02 | 0.12 | 52 | Technology | |
| Kinross Gold Corporation | -0.09 | 0.04 | 0.12 | 69 | Basic Materials |
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