Looking to balance out your exposure to IEP? The ETFs below have the lowest correlation with IEP — they tend to move on their own, which can help reduce risk when IEP drops. The stock ideas table highlights individual companies that behave independently from IEP.
Best Diversifiers for IEP
6 ETFs have low correlation with IEP (below 0.3), 0 of which are negatively correlated. The least correlated is Procure Space ETF (UFO) (Global Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Procure Space ETF | 0.15 | 0.17 | 0.23 | 50 | Global Equities, Aerospace & Defense | IEP vs UFO | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.18 | 0.17 | — | 64 | Nasdaq-100, Derivative Income | IEP vs JEPQ | |
| Global X NASDAQ 100 Covered Call ETF | 0.18 | 0.18 | 0.23 | 85 | Nasdaq-100, Derivative Income | IEP vs QYLD | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.23 | 0.28 | 60 | S&P 500 | IEP vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.23 | 0.28 | 60 | S&P 500 | IEP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEP and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.01 | 0.02 | 0.09 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.01 | 0.06 | 0.10 | 96 | Healthcare | |
| NVIDIA Corporation | 0.02 | 0.07 | 0.14 | 70 | Technology | |
| Brookfield Renewable Partners L.P. | 0.05 | 0.12 | 0.15 | 82 | Utilities | |
| ASE Technology Holding Co., Ltd. | 0.06 | 0.12 | 0.17 | 99 | Technology |
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Build a portfolio that complements IEP
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