Looking to balance out your exposure to IIPR? The ETFs below have the lowest correlation with IIPR — they tend to move on their own, which can help reduce risk when IIPR drops. The stock ideas table highlights individual companies that behave independently from IIPR.
Best Diversifiers for IIPR
12 ETFs have low correlation with IIPR (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of 0.01, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | 0.01 | 0.20 | 0.29 | 77 | Energy Equities | IIPR vs ENFR | |
| iShares 0-3 Month Treasury Bond ETF | 0.04 | 0.04 | 0.02 | 100 | Ultrashort Bond | IIPR vs SGOV | |
| iShares Floating Rate Bond ETF | 0.16 | 0.20 | 0.15 | 99 | Ultrashort Bond, Corporate Bonds | IIPR vs FLOT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.17 | 0.27 | — | 65 | Nasdaq-100, Derivative Income | IIPR vs JEPQ | |
| Vanguard Information Technology ETF | 0.18 | 0.27 | 0.42 | 57 | Technology Equities | IIPR vs VGT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IIPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IIPR and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.05 | 0.11 | 0.14 | 75 | Energy | |
| Altria Group, Inc. | -0.03 | 0.09 | 0.13 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.02 | 0.13 | 0.16 | 70 | Energy | |
| The Coca-Cola Company | -0.02 | 0.11 | 0.15 | 83 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.01 | 0.14 | 0.20 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IIPR
Add IIPR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IIPR