Looking to diversify beyond IAK? The ETFs below have the lowest correlation with IAK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IAK.
Best Diversifiers for IAK
1724 ETFs have low correlation with IAK (below 0.3), 410 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.27, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.27 | -0.06 | 0.16 | 82 | Leveraged Equities, Semiconductors | IAK vs USD | |
| GraniteShares 2x Long AMD Daily ETF | -0.27 | — | — | 94 | Leveraged Equities | IAK vs AMDL | |
| Leverage Shares 2X Long AMD Daily ETF | -0.26 | — | — | 94 | Leveraged Equities | IAK vs AMDG | |
| Direxion Daily AMD Bull 2X Shares | -0.26 | — | — | 95 | Leveraged Equities | IAK vs AMUU | |
| YieldMax AMD Option Income Strategy ETF | -0.26 | — | — | 90 | Derivative Income, Options Trading | IAK vs AMDY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAK and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.22, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.22 | -0.03 | 0.16 | 72 | Technology | |
| NVIDIA Corporation | -0.21 | -0.04 | 0.14 | 72 | Technology | |
| Rocket Lab USA, Inc. | -0.07 | 0.07 | 0.16 | 87 | Industrials | |
| AST SpaceMobile, Inc. | -0.05 | 0.04 | 0.13 | 60 | Technology | |
| Alphabet Inc. Class A | -0.05 | 0.01 | 0.18 | 96 | Communication Services |
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