Looking to balance out your exposure to IDR? The ETFs below have the lowest correlation with IDR — they tend to move on their own, which can help reduce risk when IDR drops. The stock ideas table highlights individual companies that behave independently from IDR.
No Diversifiers Found for IDR
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 IDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDR and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.21 | -0.02 | 0.02 | 78 | Energy | |
| Phillips Edison & Company, Inc. | 0.00 | 0.02 | 0.05 | 88 | Real Estate | |
| Eli Lilly and Company | 0.04 | 0.08 | 0.04 | 80 | Healthcare | |
| Concentra Group Holdings Parent, Inc | 0.06 | — | — | 89 | Healthcare | |
| Ackermans & Van Haaren NV ADR | 0.07 | — | — | 95 | Industrials |
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