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
1859 ETFs have low correlation with IAK (below 0.3), 406 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | -0.23 | — | — | 96 | Leveraged Equities | IAK vs AMDG | |
| Direxion Daily AMD Bull 2X Shares | -0.23 | -0.11 | -0.11 | 96 | Leveraged Equities | IAK vs AMUU | |
| GraniteShares 2x Long AMD Daily ETF | -0.23 | — | — | 96 | Leveraged Equities | IAK vs AMDL | |
| Direxion Daily MU Bull 2X Shares | -0.22 | — | — | 99 | Leveraged Equities | IAK vs MUU | |
| Leverage Shares 2X Long TSM Daily ETF | -0.22 | -0.11 | -0.11 | 89 | Leveraged Equities | IAK vs TSMG |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.17 | -0.04 | 0.14 | 78 | Technology | |
| Broadcom Inc. | -0.15 | -0.02 | 0.17 | 84 | Technology | |
| AST SpaceMobile, Inc. | -0.07 | 0.04 | 0.14 | 91 | Communication Services | |
| Alphabet Inc. Class A | -0.07 | 0.01 | 0.18 | 96 | Communication Services | |
| Rocket Lab USA, Inc. | -0.06 | 0.08 | 0.17 | 93 | Industrials |
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