Looking to balance out your exposure to IEX? The ETFs below have the lowest correlation with IEX — they tend to move on their own, which can help reduce risk when IEX drops. The stock ideas table highlights individual companies that behave independently from IEX.
Best Diversifiers for IEX
0 ETFs have low correlation with IEX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.42, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.50 | 0.58 | 70 | S&P 500 | IEX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.00 | 0.11 | 0.27 | 66 | Consumer Defensive | |
| Oracle Corporation | 0.03 | 0.21 | 0.31 | 58 | Technology | |
| Monster Beverage Corporation | 0.06 | 0.19 | 0.34 | 79 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.07 | 0.23 | 0.24 | 85 | Energy | |
| Chevron Corporation | 0.07 | 0.25 | 0.26 | 83 | Energy |
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