Looking to diversify beyond IHAK? The ETFs below have the lowest correlation with IHAK — 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 IHAK.
Best Diversifiers for IHAK
561 ETFs have low correlation with IHAK (below 0.3), 35 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.15, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.15 | -0.05 | -0.05 | 98 | Commodities | IHAK vs BWET | |
| ProShares UltraShort Yen | -0.14 | -0.03 | -0.05 | 61 | Leveraged Currency | IHAK vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | IHAK vs CSHP | |
| Xtrackers US 0-1 Year Treasury ETF | -0.07 | — | — | 99 | Government Bonds, Ultrashort Bond | IHAK vs TRSY | |
| TCW AAA CLO ETF | -0.06 | 0.02 | 0.02 | 99 | CLO | IHAK vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHAK and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.69, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.69 | 0.67 | 0.73 | 66 | Technology |
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