Looking to diversify beyond IGM? The ETFs below have the lowest correlation with IGM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IGM.
Best Diversifiers for IGM
488 ETFs have low correlation with IGM (below 0.3), 92 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.48 | -0.48 | 56 | Inverse Equities | IGM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.46 | -0.46 | 65 | Inverse Equities, Leveraged Equities | IGM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.35 | -0.38 | 53 | Cryptocurrency | IGM vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | IGM vs WNTR | |
| iShares Core High Dividend ETF | -0.21 | 0.02 | 0.26 | 74 | Dividend, Large Cap Value Equities | IGM vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGM and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.38, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.38 | -0.14 | 0.07 | 83 | Financial Services | |
| Duke Energy Corporation | -0.38 | -0.25 | -0.07 | 65 | Utilities | |
| Altria Group, Inc. | -0.38 | -0.19 | -0.05 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.34 | -0.17 | 0.04 | 82 | Consumer Defensive | |
| Verizon Communications Inc. | -0.30 | -0.16 | -0.02 | 57 | Communication Services |
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