Looking to diversify beyond ICPY? The ETFs below have the lowest correlation with ICPY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ICPY.
Best Diversifiers for ICPY
0 ETFs have low correlation with ICPY (below 0.3), 0 of which are negatively correlated. The least correlated is Renaissance International IPO ETF (IPOS) (Foreign Large Cap Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Renaissance International IPO ETF | 0.46 | 0.46 | 0.46 | 79 | Foreign Large Cap Equities | ICPY vs IPOS | |
| VictoryShares International Volatility Wtd ETF | 0.47 | 0.47 | 0.47 | 82 | Foreign Large Cap Equities | ICPY vs CIL | |
| Wahed Dow Jones Islamic World ETF | 0.72 | 0.72 | 0.72 | 74 | Foreign Large Cap Equities | ICPY vs UMMA | |
| iShares MSCI International Value Factor ETF | 0.80 | 0.80 | 0.80 | 69 | Foreign Large Cap Equities | ICPY vs IVLU | |
| Vanguard FTSE Developed Markets ETF | 0.82 | 0.82 | 0.82 | 57 | Foreign Large Cap Equities | ICPY vs VEA |
Diversification Analysis
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