Looking to balance out your exposure to IIPR? The ETFs below have historically moved differently from IIPR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IIPR
21 ETFs have low correlation with IIPR (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Infrastructure Equities) with a 1Y correlation of 0.00, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | 0.00 | 0.19 | 0.29 | 79 | Infrastructure Equities, Energy Equities | IIPR vs ENFR | |
| State Street Energy Select Sector SPDR ETF | 0.03 | 0.17 | 0.19 | 76 | Energy Equities | IIPR vs XLE | |
| iShares 0-3 Month Treasury Bond ETF | 0.05 | 0.05 | 0.02 | 100 | Ultrashort Bond | IIPR vs SGOV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.26 | — | 55 | Nasdaq-100, Derivative Income | IIPR vs JEPQ | |
| iShares Floating Rate Bond ETF | 0.17 | 0.19 | 0.15 | 99 | Ultrashort Bond, Corporate Bonds | IIPR vs FLOT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IIPR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.09 | 0.07 | 0.12 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.07 | 0.10 | 0.13 | 84 | Energy | |
| Enterprise Products Partners L.P. | -0.04 | 0.14 | 0.20 | 89 | Energy | |
| Chevron Corporation | -0.03 | 0.12 | 0.16 | 80 | Energy | |
| Howmet Aerospace Inc. | -0.02 | 0.13 | 0.26 | 90 | Industrials |
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