Looking to balance out your exposure to IIM? The ETFs below have the lowest correlation with IIM — they tend to move on their own, which can help reduce risk when IIM drops. The stock ideas table highlights individual companies that behave independently from IIM.
Best Diversifiers for IIM
5 ETFs have low correlation with IIM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.18, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.26 | 0.28 | 80 | Dividend | IIM vs SCHD | |
| AAM Low Duration Preferred and Income Securities E... | 0.18 | 0.32 | 0.34 | 60 | Preferred Stock/Convertible Bonds | IIM vs PFLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.18 | 0.20 | — | 74 | Nasdaq-100, Derivative Income | IIM vs JEPQ | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.24 | 0.36 | 0.34 | 56 | Preferred Stock/Convertible Bonds | IIM vs PFFA | |
| Franklin International Core Dividend Tilt Index ET... | 0.24 | 0.31 | 0.30 | 52 | Foreign Large Cap Equities | IIM vs DIVI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IIM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IIM and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.14 | 0.02 | 0.06 | 87 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.10 | 0.15 | 85 | Energy | |
| Energy Transfer LP | -0.04 | 0.11 | 0.12 | 69 | Energy | |
| TORM plc | -0.04 | -0.01 | 0.02 | 88 | Energy | |
| International Seaways, Inc. | -0.01 | -0.02 | -0.00 | 95 | Energy |
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