Looking to diversify beyond ICRC? The ETFs below have the lowest correlation with ICRC — 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 ICRC.
Best Diversifiers for ICRC
2 ETFs have low correlation with ICRC (below 0.3), 0 of which are negatively correlated. The least correlated is Kurv Yield Premium Strategy Google ETF (GOOP) (Derivative Income) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kurv Yield Premium Strategy Google ETF | 0.22 | 0.22 | 0.22 | 85 | Derivative Income | ICRC vs GOOP | |
| FT Vest High Yield & Target Income ETF | 0.26 | 0.26 | 0.26 | 55 | Derivative Income | ICRC vs HYTI | |
| Fidelity Yield Enhanced Equity ETF | 0.43 | 0.43 | 0.43 | 68 | Derivative Income | ICRC vs FYEE | |
| iShares S&P 500 BuyWrite ETF | 0.44 | — | — | 73 | Derivative Income, S&P 500 | ICRC vs IVVW | |
| Invesco QQQ Income Advantage ETF | 0.46 | — | — | 67 | Derivative Income | ICRC vs QQA |
Diversification Analysis
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