Looking to balance out your exposure to IE? The ETFs below have the lowest correlation with IE — they tend to move on their own, which can help reduce risk when IE drops. The stock ideas table highlights individual companies that behave independently from IE.
No Diversifiers Found for IE
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 IE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IE and solid risk/return profiles. The least correlated is Gold Fields Limited (GFI) (Basic Materials) with a 1Y correlation of 0.36, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gold Fields Limited | 0.36 | 0.30 | — | 69 | Basic Materials | |
| AngloGold Ashanti Limited | 0.36 | 0.32 | — | 81 | Basic Materials | |
| Nexa Resources S.A. | 0.38 | 0.26 | — | 94 | Basic Materials | |
| Centerra Gold Inc | 0.43 | 0.36 | — | 89 | Basic Materials | |
| Perpetua Resources Corp | 0.48 | 0.33 | — | 61 | Basic Materials |
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