Looking to balance out your exposure to IHICY? The ETFs below have the lowest correlation with IHICY — they tend to move on their own, which can help reduce risk when IHICY drops. The stock ideas table highlights individual companies that behave independently from IHICY.
No Diversifiers Found for IHICY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHICY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHICY and solid risk/return profiles. The least correlated is Fox Corporation (FOX) (Communication Services) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fox Corporation | -0.03 | 0.07 | 0.08 | 59 | Communication Services | |
| Exelixis, Inc. | 0.07 | 0.07 | 0.05 | 60 | Healthcare | |
| Evercore Inc. | 0.13 | 0.14 | 0.11 | 74 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.14 | 0.15 | 0.09 | 95 | Technology | |
| Kinross Gold Corporation | 0.20 | 0.12 | 0.10 | 81 | Basic Materials |
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