Looking to balance out your exposure to IESC? The ETFs below have the lowest correlation with IESC — they tend to move on their own, which can help reduce risk when IESC drops. The stock ideas table highlights individual companies that behave independently from IESC.
Best Diversifiers for IESC
0 ETFs have low correlation with IESC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Dividend Growth ETF (DGRO) (Large Cap Growth Equities) with a 1Y correlation of 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.38 | 0.40 | 0.41 | 75 | Large Cap Growth Equities, Dividend | IESC vs DGRO | |
| Nomura Focused Emerging Markets Equity ETF | 0.39 | — | — | 94 | Emerging Markets Diversified | IESC vs EMEQ | |
| Themes Global Systemically Important Banks ETF | 0.43 | — | — | 80 | Financials Equities | IESC vs GSIB | |
| ProShares Ultra Semiconductors | 0.49 | 0.50 | 0.45 | 82 | Leveraged Equities, Semiconductors | IESC vs USD | |
| Direxion Daily Technology Bull 3X Shares | 0.50 | 0.50 | 0.45 | 65 | Leveraged Equities, Technology Equities | IESC vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IESC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IESC and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.10 | 0.03 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.12 | -0.09 | 0.01 | 66 | Communication Services | |
| Murphy USA Inc. | -0.12 | 0.05 | 0.14 | 66 | Consumer Cyclical | |
| Johnson & Johnson | -0.05 | -0.10 | -0.01 | 96 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.07 | 0.15 | 85 | Consumer Defensive |
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Build a portfolio that complements IESC
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