Looking to balance out your exposure to IFNNY? The ETFs below have the lowest correlation with IFNNY — they tend to move on their own, which can help reduce risk when IFNNY drops. The stock ideas table highlights individual companies that behave independently from IFNNY.
Best Diversifiers for IFNNY
0 ETFs have low correlation with IFNNY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.58, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.58 | 0.54 | 0.59 | 74 | S&P 500 | IFNNY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.54 | 0.59 | 74 | S&P 500 | IFNNY vs SPY | |
| VanEck Semiconductor ETF | 0.66 | 0.61 | 0.68 | 96 | Semiconductors, Technology Equities | IFNNY vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IFNNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IFNNY and solid risk/return profiles. The least correlated is Nordic Semiconductor ASA (NRSDY) (Technology) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordic Semiconductor ASA | 0.16 | 0.10 | — | 89 | Technology | |
| Credo Technology Group Holding Ltd | 0.29 | 0.36 | — | 85 | Technology | |
| Sandisk Corporation | 0.30 | — | — | 100 | Technology | |
| NVIDIA Corporation | 0.30 | 0.36 | 0.49 | 80 | Technology | |
| Cirrus Logic, Inc. | 0.37 | 0.46 | 0.53 | 88 | Technology |
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