Looking to balance out your exposure to IAUX? The ETFs below have the lowest correlation with IAUX — they tend to move on their own, which can help reduce risk when IAUX drops. The stock ideas table highlights individual companies that behave independently from IAUX.
Best Diversifiers for IAUX
2 ETFs have low correlation with IAUX (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Oil Services ETF (OIH) (Energy Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Oil Services ETF | 0.17 | 0.21 | 0.23 | 75 | Energy Equities | IAUX vs OIH | |
| Invesco QQQ ETF | 0.20 | 0.20 | 0.19 | 59 | Nasdaq-100 | IAUX vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAUX and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.13 | 0.17 | 0.15 | 99 | Technology | |
| Nebius Group N.V. | 0.14 | 0.16 | 0.16 | 96 | Communication Services | |
| American Express Company | 0.15 | 0.15 | 0.17 | 56 | Financial Services | |
| Robinhood Markets, Inc. | 0.16 | 0.23 | — | 58 | Financial Services | |
| Interactive Brokers Group, Inc. | 0.23 | 0.14 | 0.13 | 90 | Financial Services |
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