Looking to diversify beyond IETC? The ETFs below have the lowest correlation with IETC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IETC.
Best Diversifiers for IETC
425 ETFs have low correlation with IETC (below 0.3), 50 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.22, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.22 | 0.04 | 0.27 | 64 | Dividend, Large Cap Value Equities | IETC vs HDV | |
| Tortoise North American Pipeline Fund | -0.16 | 0.11 | 0.26 | 55 | Energy Equities | IETC vs TPYP | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.16 | 0.05 | 0.21 | 56 | Volatility Hedged Equity | IETC vs SIXH | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | IETC vs IBIC | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | 0.10 | 0.29 | 65 | Large Cap Value Equities, Dividend | IETC vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IETC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IETC and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.35, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.35 | -0.20 | -0.06 | 62 | Utilities | |
| The Coca-Cola Company | -0.32 | -0.12 | 0.07 | 74 | Consumer Defensive | |
| The Southern Company | -0.31 | -0.19 | -0.02 | 55 | Utilities | |
| Altria Group, Inc. | -0.31 | -0.15 | -0.03 | 70 | Consumer Defensive | |
| Chubb Limited | -0.30 | -0.09 | 0.08 | 68 | Financial Services |
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