Looking to balance out your exposure to IEP? The ETFs below have historically moved differently from IEP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IEP
6 ETFs have low correlation with IEP (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.20 | 0.17 | — | 60 | Nasdaq-100, Derivative Income | IEP vs JEPQ | |
| Global X NASDAQ 100 Covered Call ETF | 0.20 | 0.17 | 0.22 | 83 | Nasdaq-100, Derivative Income | IEP vs QYLD | |
| Global X Russell 2000 Covered Call ETF | 0.24 | 0.30 | 0.31 | 89 | Derivative Income, Small Cap Blend Equities | IEP vs RYLD | |
| Vanguard S&P 500 ETF | 0.24 | 0.23 | 0.27 | 72 | S&P 500 | IEP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.24 | 0.27 | 71 | S&P 500 | IEP vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.06 | 0.05 | 0.10 | 96 | Healthcare | |
| Omega Healthcare Investors, Inc. | -0.05 | 0.09 | 0.14 | 82 | Real Estate | |
| The Coca-Cola Company | -0.00 | 0.05 | 0.09 | 86 | Consumer Defensive | |
| NVIDIA Corporation | 0.03 | 0.06 | 0.14 | 63 | Technology | |
| Brookfield Renewable Partners L.P. | 0.04 | 0.13 | 0.14 | 76 | Utilities |
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