Looking to balance out your exposure to ICL? The ETFs below have the lowest correlation with ICL — they tend to move on their own, which can help reduce risk when ICL drops. The stock ideas table highlights individual companies that behave independently from ICL.
Best Diversifiers for ICL
3 ETFs have low correlation with ICL (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.11, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.31 | 0.37 | 80 | Dividend | ICL vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.32 | 0.37 | 70 | S&P 500 | ICL vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.32 | 0.37 | 70 | S&P 500 | ICL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.06 | 0.15 | 69 | Consumer Defensive | |
| DHT Holdings, Inc. | -0.04 | 0.07 | 0.18 | 82 | Energy | |
| Scorpio Tankers Inc. | -0.04 | 0.08 | 0.18 | 89 | Energy | |
| Frontline Ltd. | -0.01 | 0.08 | 0.18 | 89 | Energy | |
| Teekay Tankers Ltd. | -0.00 | 0.08 | 0.22 | 82 | Energy |
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