Looking to balance out your exposure to ICLR? The ETFs below have historically moved differently from ICLR, 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 ICLR
5 ETFs have low correlation with ICLR (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.16, down from 0.41 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 | 0.31 | 0.41 | 87 | Semiconductors, Technology Equities | ICLR vs SMH | |
| State Street Technology Select Sector SPDR ETF | 0.17 | 0.30 | 0.42 | 55 | Technology Equities | ICLR vs XLK | |
| iShares Currency Hedged MSCI EAFE ETF | 0.22 | 0.34 | 0.43 | 87 | Foreign Large Cap Equities | ICLR vs HEFA | |
| SoFi Select 500 ETF | 0.25 | 0.36 | 0.47 | 53 | Large Cap Growth Equities | ICLR vs SFY | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.38 | 0.49 | 67 | S&P 500 | ICLR vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICLR, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.04 | 0.10 | 84 | Energy | |
| McKesson Corporation | 0.00 | 0.01 | 0.08 | 67 | Healthcare | |
| NVIDIA Corporation | 0.06 | 0.20 | 0.33 | 56 | Technology | |
| Vertiv Holdings Co. | 0.08 | 0.21 | 0.31 | 76 | Industrials | |
| The Cigna Group | 0.15 | 0.12 | 0.17 | 51 | Healthcare |
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