Looking to balance out your exposure to IBM? The ETFs below have the lowest correlation with IBM — they tend to move on their own, which can help reduce risk when IBM drops. The stock ideas table highlights individual companies that behave independently from IBM.
Best Diversifiers for IBM
237 ETFs have low correlation with IBM (below 0.3), 4 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | IBM vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.03 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | IBM vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | IBM vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.03 | 0.02 | 100 | Ultrashort Bond | IBM vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | 0.00 | 0.03 | — | 100 | Ultrashort Bond | IBM vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.04 | 0.19 | 80 | Consumer Defensive | |
| Monster Beverage Corporation | -0.10 | 0.07 | 0.19 | 94 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.08 | 0.06 | 0.18 | 70 | Utilities | |
| Fortis Inc | -0.07 | 0.09 | 0.19 | 91 | Utilities | |
| CVS Health Corporation | -0.07 | 0.07 | 0.21 | 92 | Healthcare |
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