Looking to diversify beyond IHCB.AX? The ETFs below have the lowest correlation with IHCB.AX — 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 IHCB.AX.
Best Diversifiers for IHCB.AX
1 ETFs have low correlation with IHCB.AX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Australian Bank Credit ETF | 0.26 | — | — | 84 | Corporate Bonds | IHCB.AX vs BANK.AX | |
| iShares MSCI Emerging Markets ETF (AU) | 0.32 | 0.15 | 0.11 | 51 | Emerging Markets Equities | IHCB.AX vs IEM.AX |
Diversification Analysis
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