Looking to balance out your exposure to IBRX? The ETFs below have the lowest correlation with IBRX — they tend to move on their own, which can help reduce risk when IBRX drops. The stock ideas table highlights individual companies that behave independently from IBRX.
Best Diversifiers for IBRX
2 ETFs have low correlation with IBRX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.28, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.28 | 0.32 | 77 | Dividend | IBRX vs SCHD | |
| Invesco QQQ ETF | 0.30 | 0.30 | 0.39 | 59 | Nasdaq-100 | IBRX vs QQQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.33 | 0.39 | 60 | S&P 500 | IBRX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBRX and solid risk/return profiles. The least correlated is Flywire Corporation (FLYW) (Technology) with a 1Y correlation of 0.12, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Flywire Corporation | 0.12 | 0.20 | 0.33 | 72 | Technology | |
| FIGS, Inc. | 0.16 | 0.22 | 0.32 | 84 | Consumer Cyclical | |
| Endeavour Silver Corp. | 0.16 | 0.14 | 0.17 | 68 | Basic Materials | |
| Catalyst Pharmaceuticals, Inc. | 0.17 | 0.26 | 0.37 | 80 | Healthcare | |
| Energy Transfer LP | 0.18 | 0.15 | 0.19 | 70 | Energy |
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