Looking to balance out your exposure to ICUI? The ETFs below have the lowest correlation with ICUI — they tend to move on their own, which can help reduce risk when ICUI drops. The stock ideas table highlights individual companies that behave independently from ICUI.
Best Diversifiers for ICUI
0 ETFs have low correlation with ICUI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.40, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.40 | 0.45 | 0.48 | 70 | S&P 500 | ICUI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICUI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICUI and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.11 | 0.13 | 0.20 | 92 | Healthcare | |
| Lam Research Corporation | 0.30 | 0.31 | 0.31 | 98 | Technology |
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