Looking to balance out your exposure to ICHR? The ETFs below have the lowest correlation with ICHR — they tend to move on their own, which can help reduce risk when ICHR drops. The stock ideas table highlights individual companies that behave independently from ICHR.
Best Diversifiers for ICHR
0 ETFs have low correlation with ICHR (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Lithium Miners ETF (LITP) (Lithium & Battery Metals) with a 1Y correlation of 0.33, roughly unchanged from 0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Lithium Miners ETF | 0.33 | 0.38 | — | 79 | Lithium & Battery Metals | ICHR vs LITP | |
| iShares MSCI Spain ETF | 0.35 | 0.29 | 0.38 | 71 | Europe Equities | ICHR vs EWP | |
| Sprott Junior Copper Miners ETF | 0.40 | 0.41 | 0.40 | 56 | Copper | ICHR vs COPJ | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.58 | 0.62 | 59 | S&P 500 | ICHR vs SPY | |
| Invesco QQQ ETF | 0.57 | 0.58 | 0.63 | 59 | Nasdaq-100 | ICHR vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICHR and solid risk/return profiles. The least correlated is Palvella Therapeutics, Inc (PVLA) (Healthcare) with a 1Y correlation of 0.17, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palvella Therapeutics, Inc | 0.17 | 0.16 | 0.16 | 97 | Healthcare | |
| Praxis Precision Medicines, Inc. | 0.19 | 0.18 | 0.21 | 98 | Healthcare | |
| SELLAS Life Sciences Group, Inc. | 0.22 | 0.16 | 0.23 | 96 | Healthcare | |
| Erasca, Inc. | 0.23 | 0.26 | 0.26 | 99 | Healthcare | |
| Cisco Systems, Inc. | 0.24 | 0.27 | 0.36 | 93 | Technology |
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