Looking to balance out your exposure to IDEXY? The ETFs below have the lowest correlation with IDEXY — they tend to move on their own, which can help reduce risk when IDEXY drops. The stock ideas table highlights individual companies that behave independently from IDEXY.
No Diversifiers Found for IDEXY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDEXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDEXY and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.16 | 0.13 | 0.18 | 94 | Healthcare | |
| International Business Machines Corporation | 0.19 | 0.25 | 0.28 | 54 | Technology | |
| Intel Corporation | 0.24 | 0.24 | 0.29 | 98 | Technology | |
| Illumina, Inc. | 0.25 | 0.22 | 0.26 | 88 | Healthcare | |
| JPMorgan Chase & Co. | 0.30 | 0.28 | 0.36 | 66 | Financial Services |
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