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 iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.34 | 0.29 | 0.38 | 80 | Europe Equities | ICHR vs EWP | |
| State Street SPDR S&P 500 ETF | 0.57 | 0.58 | 0.62 | 65 | S&P 500 | ICHR vs SPY | |
| Invesco QQQ ETF | 0.60 | 0.59 | 0.63 | 53 | Nasdaq-100 | ICHR vs QQQ | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.72 | 0.71 | 0.75 | 91 | Leveraged Equities, Semiconductors | ICHR vs SOXL |
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 The Hanover Insurance Group, Inc. (THG) (Financial Services) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hanover Insurance Group, Inc. | -0.06 | 0.03 | 0.15 | 82 | Financial Services | |
| Palvella Therapeutics, Inc | 0.16 | 0.15 | 0.15 | 98 | Healthcare | |
| Praxis Precision Medicines, Inc. | 0.18 | 0.19 | 0.21 | 98 | Healthcare | |
| Apple Inc | 0.19 | 0.27 | 0.40 | 93 | Technology | |
| FIGS, Inc. | 0.22 | 0.29 | 0.35 | 78 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ICHR
Add ICHR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ICHR