Looking to balance out your exposure to IBEX? The ETFs below have the lowest correlation with IBEX — they tend to move on their own, which can help reduce risk when IBEX drops. The stock ideas table highlights individual companies that behave independently from IBEX.
Best Diversifiers for IBEX
2 ETFs have low correlation with IBEX (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.20 | 0.21 | 0.18 | 96 | Semiconductors, Technology Equities | IBEX vs SMH | |
| Vanguard International High Dividend Yield ETF | 0.27 | 0.32 | 0.26 | 66 | Dividend, Foreign Large Cap Equities | IBEX vs VYMI | |
| Vanguard Total International Stock ETF | 0.31 | 0.34 | 0.27 | 60 | Global Equities | IBEX vs VXUS | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.37 | 0.29 | 70 | S&P 500 | IBEX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBEX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powszechny Zaklad Ubezpieczen SA | -0.03 | — | — | 70 | Financial Services | |
| Discovery Silver Corp | 0.06 | 0.10 | 0.11 | 81 | Basic Materials | |
| First Majestic Silver Corp. | 0.08 | 0.16 | 0.16 | 87 | Basic Materials | |
| IAMGOLD Corporation | 0.08 | 0.16 | 0.13 | 84 | Basic Materials | |
| Teekay Corporation | 0.14 | 0.16 | 0.17 | 84 | Energy |
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