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
13 ETFs have low correlation with IIPR (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.00, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.00 | 0.07 | — | 56 | Derivative Income, Options Trading | IIPR vs NVDY | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.03 | 0.01 | 100 | Ultrashort Bond | IIPR vs SGOV | |
| Alerian Energy Infrastructure ETF | 0.03 | 0.23 | 0.30 | 59 | Energy Equities | IIPR vs ENFR | |
| iShares Floating Rate Bond ETF | 0.16 | 0.19 | 0.14 | 98 | Corporate Bonds | IIPR vs FLOT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.20 | 0.26 | — | 76 | Nasdaq-100, Derivative Income | IIPR vs JEPQ |
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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 Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.04 | 0.05 | 0.09 | 51 | Industrials | |
| Howmet Aerospace Inc. | -0.02 | 0.16 | 0.28 | 79 | Industrials | |
| Altria Group, Inc. | -0.02 | 0.11 | 0.14 | 73 | Consumer Defensive | |
| The Coca-Cola Company | -0.01 | 0.11 | 0.15 | 62 | Consumer Defensive | |
| Northrop Grumman Corporation | 0.00 | 0.06 | 0.09 | 54 | Industrials |
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