Looking to balance out your exposure to IDYA? The ETFs below have the lowest correlation with IDYA — they tend to move on their own, which can help reduce risk when IDYA drops. The stock ideas table highlights individual companies that behave independently from IDYA.
Best Diversifiers for IDYA
0 ETFs have low correlation with IDYA (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 0.35, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.37 | 0.35 | 70 | S&P 500 | IDYA vs SPY | |
| SPDR S&P Biotech ETF | 0.66 | 0.62 | 0.62 | 74 | Health & Biotech Equities | IDYA vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDYA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDYA and solid risk/return profiles. The least correlated is Iovance Biotherapeutics, Inc. (IOVA) (Healthcare) with a 1Y correlation of 0.41, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Iovance Biotherapeutics, Inc. | 0.41 | 0.44 | 0.44 | 72 | Healthcare |
Build a portfolio that complements IDYA
Add IDYA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IDYA