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
1825 ETFs have low correlation with IAK (below 0.3), 464 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.33, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.33 | -0.06 | — | 85 | Technology Equities | IAK vs CHAT | |
| ProShares Ultra Semiconductors | -0.32 | -0.08 | 0.15 | 70 | Leveraged Equities, Semiconductors | IAK vs USD | |
| GraniteShares 2x Long MU Daily ETF | -0.31 | — | — | 98 | Leveraged Equities | IAK vs MULL | |
| Leverage Shares 2X Long AMD Daily ETF | -0.31 | — | — | 95 | Leveraged Equities | IAK vs AMDG | |
| GraniteShares 2x Long AMD Daily ETF | -0.30 | — | — | 95 | Leveraged Equities | IAK vs AMDL |
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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 -0.25, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.25 | -0.05 | 0.15 | 71 | Technology | |
| NVIDIA Corporation | -0.23 | -0.06 | 0.14 | 65 | Technology | |
| Rocket Lab USA, Inc. | -0.09 | 0.07 | 0.16 | 77 | Industrials | |
| AST SpaceMobile, Inc. | -0.06 | 0.03 | 0.13 | 65 | Technology | |
| Kinross Gold Corporation | -0.03 | 0.04 | 0.14 | 72 | Basic Materials |
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