Looking to balance out your exposure to IDCC? The ETFs below have the lowest correlation with IDCC — they tend to move on their own, which can help reduce risk when IDCC drops. The stock ideas table highlights individual companies that behave independently from IDCC.
Best Diversifiers for IDCC
3 ETFs have low correlation with IDCC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.07 | 0.08 | 0.09 | 79 | Government Bonds, Short-Term Bond | IDCC vs SHY | |
| Themes Silver Miners ETF | 0.19 | — | — | 60 | Silver, Precious Metals | IDCC vs AGMI | |
| YieldMax NVDA Option Income Strategy ETF | 0.29 | 0.30 | — | 52 | Derivative Income, Options Trading | IDCC vs NVDY | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.47 | 0.53 | 70 | S&P 500 | IDCC vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.46 | 0.52 | 70 | S&P 500 | IDCC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDCC and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.11 | -0.08 | 0.07 | 68 | Financial Services | |
| Altria Group, Inc. | -0.09 | 0.01 | 0.09 | 69 | Consumer Defensive | |
| Johnson & Johnson | -0.08 | -0.06 | 0.04 | 92 | Healthcare | |
| Eli Lilly and Company | -0.07 | 0.07 | 0.12 | 72 | Healthcare | |
| Chubb Limited | -0.07 | -0.02 | 0.12 | 51 | Financial Services |
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