Looking to balance out your exposure to IFRX? The ETFs below have the lowest correlation with IFRX — they tend to move on their own, which can help reduce risk when IFRX drops. The stock ideas table highlights individual companies that behave independently from IFRX.
Best Diversifiers for IFRX
1 ETFs have low correlation with IFRX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.16, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.18 | 0.18 | 80 | Dividend | IFRX vs SCHD |
Diversification Analysis
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