Looking to balance out your exposure to IDN? The ETFs below have the lowest correlation with IDN — they tend to move on their own, which can help reduce risk when IDN drops. The stock ideas table highlights individual companies that behave independently from IDN.
No Diversifiers Found for IDN
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 IDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDN and solid risk/return profiles. The least correlated is Valaris Limited (VAL) (Energy) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valaris Limited | -0.01 | 0.06 | 0.11 | 81 | Energy | |
| PVH Corp. | 0.01 | 0.10 | 0.17 | 53 | Consumer Cyclical | |
| Kontoor Brands, Inc. | 0.07 | 0.09 | 0.13 | 57 | Consumer Cyclical | |
| BlackBerry Limited | 0.20 | 0.20 | 0.25 | 84 | Technology | |
| D-Wave Quantum Inc | 0.24 | 0.19 | — | 64 | Technology |
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