Looking to balance out your exposure to ICL? The ETFs below have historically moved differently from ICL, 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 ICL
4 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 0.10, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.29 | 0.35 | 95 | Dividend | ICL vs SCHD | |
| iShares MSCI Brazil ETF | 0.20 | 0.27 | 0.29 | 64 | Latin America Equities | ICL vs EWZ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.32 | 0.37 | 78 | S&P 500 | ICL vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.32 | 0.37 | 78 | S&P 500 | ICL vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.02 | 0.12 | 66 | Consumer Defensive | |
| Scorpio Tankers Inc. | -0.04 | 0.06 | 0.17 | 87 | Energy | |
| CNX Resources Corporation | -0.03 | 0.09 | 0.21 | 67 | Energy | |
| Teekay Tankers Ltd. | -0.02 | 0.07 | 0.20 | 93 | Energy | |
| DHT Holdings, Inc. | -0.01 | 0.07 | 0.17 | 92 | Industrials |
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