Looking to balance out your exposure to IGIC? The ETFs below have the lowest correlation with IGIC — they tend to move on their own, which can help reduce risk when IGIC drops. The stock ideas table highlights individual companies that behave independently from IGIC.
Best Diversifiers for IGIC
3 ETFs have low correlation with IGIC (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.03 | 0.13 | 0.09 | 53 | Nasdaq-100 | IGIC vs QQQ | |
| Vanguard S&P 500 ETF | 0.05 | 0.20 | 0.13 | 66 | S&P 500 | IGIC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.19 | 0.13 | 65 | S&P 500 | IGIC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGIC and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.04 | 0.07 | 0.08 | 94 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.03 | 0.05 | 0.06 | 70 | Energy | |
| Dave Inc. | -0.02 | 0.16 | 0.12 | 86 | Technology | |
| Targa Resources Corp. | -0.01 | 0.12 | 0.09 | 94 | Energy | |
| Altria Group, Inc. | 0.03 | 0.04 | 0.03 | 80 | Consumer Defensive |
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