Looking to balance out your exposure to IGC? The ETFs below have the lowest correlation with IGC — they tend to move on their own, which can help reduce risk when IGC drops. The stock ideas table highlights individual companies that behave independently from IGC.
Best Diversifiers for IGC
1 ETFs have low correlation with IGC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.25 | 0.16 | 0.24 | 76 | Technology Equities | IGC vs IYW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGC and solid risk/return profiles. The least correlated is Japan Post Holdings Co Ltd ADR (JPPHY) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Japan Post Holdings Co Ltd ADR | 0.01 | -0.01 | 0.00 | 74 | Financial Services | |
| EMCOR Group, Inc. | 0.09 | 0.08 | 0.14 | 84 | Industrials |
Build a portfolio that complements IGC
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