Looking to diversify beyond IHI? The ETFs below have the lowest correlation with IHI — 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 IHI.
Best Diversifiers for IHI
715 ETFs have low correlation with IHI (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.13 | -0.10 | 63 | Leveraged Currency | IHI vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.11 | -0.01 | 55 | Oil & Gas | IHI vs UGA | |
| VanEck Commodity Strategy ETF | -0.16 | -0.05 | -0.02 | 57 | Commodities | IHI vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.15 | -0.05 | -0.04 | 75 | Commodities | IHI vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.13 | -0.03 | -0.02 | 50 | Commodities | IHI vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.14 | 0.22 | 0.37 | 72 | Technology | |
| Chubb Limited | 0.21 | 0.22 | 0.30 | 69 | Financial Services | |
| Cadence Design Systems, Inc. | 0.21 | 0.34 | 0.48 | 63 | Technology | |
| Apple Inc | 0.21 | 0.25 | 0.39 | 87 | Technology | |
| Assurant, Inc. | 0.23 | 0.23 | 0.33 | 81 | Financial Services |
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