Looking to balance out your exposure to ICE? The ETFs below have the lowest correlation with ICE — they tend to move on their own, which can help reduce risk when ICE drops. The stock ideas table highlights individual companies that behave independently from ICE.
Best Diversifiers for ICE
5 ETFs have low correlation with ICE (below 0.3), 2 of which are negatively correlated. The least correlated is iShares MSCI All Country Asia ex-Japan ETF (AAXJ) (Asia Pacific Equities) with a 1Y correlation of -0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI All Country Asia ex-Japan ETF | -0.02 | 0.14 | 0.27 | 72 | Asia Pacific Equities | ICE vs AAXJ | |
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.02 | 0.05 | 100 | Ultrashort Bond | ICE vs SGOV | |
| Invesco QQQ ETF | 0.08 | 0.24 | 0.41 | 64 | Nasdaq-100 | ICE vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.37 | 0.51 | 63 | S&P 500 | ICE vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.37 | 0.51 | 63 | S&P 500 | ICE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICE and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.18 | 0.02 | 0.14 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.09 | 0.11 | 0.24 | 97 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.08 | 0.10 | 0.20 | 93 | Technology | |
| Sterling Infrastructure, Inc. | -0.06 | 0.15 | 0.21 | 96 | Industrials | |
| Tesla, Inc. | -0.04 | 0.10 | 0.20 | 53 | Consumer Cyclical |
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