Looking to balance out your exposure to ICAGY? The ETFs below have the lowest correlation with ICAGY — they tend to move on their own, which can help reduce risk when ICAGY drops. The stock ideas table highlights individual companies that behave independently from ICAGY.
Best Diversifiers for ICAGY
0 ETFs have low correlation with ICAGY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.40 | 0.44 | 74 | S&P 500 | ICAGY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.40 | 0.44 | 74 | S&P 500 | ICAGY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICAGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICAGY and solid risk/return profiles. The least correlated is Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (Financial Services) with a 1Y correlation of 0.43, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.43 | 0.42 | 0.45 | 82 | Financial Services | |
| Carnival Corporation & Plc | 0.50 | 0.48 | 0.53 | 54 | Consumer Cyclical | |
| Banco Santander, S.A. | 0.51 | 0.47 | 0.51 | 84 | Financial Services |
Build a portfolio that complements ICAGY
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