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
513 ETFs have low correlation with IETC (below 0.3), 74 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 53 | Inverse Equities | IETC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.46 | -0.46 | 60 | Inverse Equities, Leveraged Equities | IETC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 65 | Derivative Income | IETC vs WNTR | |
| iShares Core High Dividend ETF | -0.28 | 0.01 | 0.26 | 72 | Dividend, Large Cap Value Equities | IETC vs HDV | |
| Tortoise North American Pipeline Fund | -0.22 | 0.09 | 0.25 | 77 | Energy Equities | IETC vs TPYP |
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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 -0.41, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.41 | -0.24 | -0.06 | 63 | Utilities | |
| The Coca-Cola Company | -0.38 | -0.17 | 0.05 | 82 | Consumer Defensive | |
| Chubb Limited | -0.38 | -0.12 | 0.08 | 83 | Financial Services | |
| The Southern Company | -0.36 | -0.21 | -0.02 | 55 | Utilities | |
| Johnson & Johnson | -0.35 | -0.20 | -0.01 | 97 | Healthcare |
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