Looking to balance out your exposure to ICE? The ETFs below have historically moved differently from ICE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ICE
11 ETFs have low correlation with ICE (below 0.3), 4 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.16, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.16 | 0.08 | 0.25 | 87 | Semiconductors, Technology Equities | ICE vs SMH | |
| Invesco Semiconductors ETF | -0.15 | 0.08 | 0.23 | 88 | Semiconductors, Technology Equities | ICE vs PSI | |
| iShares MSCI All Country Asia ex-Japan ETF | -0.08 | 0.10 | 0.25 | 55 | Asia Pacific Equities | ICE vs AAXJ | |
| Invesco QQQ ETF | -0.05 | 0.19 | 0.38 | 54 | Nasdaq-100 | ICE vs QQQ | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | 0.02 | 0.04 | 100 | Ultrashort Bond | ICE vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.25, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.25 | -0.02 | 0.12 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.17 | 0.06 | 0.21 | 93 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.17 | 0.05 | 0.18 | 89 | Technology | |
| Sterling Infrastructure, Inc. | -0.17 | 0.11 | 0.18 | 75 | Industrials | |
| Applied Materials, Inc. | -0.14 | 0.07 | 0.22 | 95 | Technology |
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