Looking to balance out your exposure to ILKAY? The ETFs below have the lowest correlation with ILKAY — they tend to move on their own, which can help reduce risk when ILKAY drops. The stock ideas table highlights individual companies that behave independently from ILKAY.
Best Diversifiers for ILKAY
0 ETFs have low correlation with ILKAY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.34, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.34 | 0.22 | 0.19 | 87 | Materials | ILKAY vs REMX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILKAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILKAY and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of -0.04, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | -0.04 | -0.05 | -0.03 | 87 | Healthcare | |
| Thermo Fisher Scientific Inc. | 0.01 | 0.00 | 0.02 | 56 | Healthcare | |
| Pfizer Inc. | 0.02 | 0.04 | 0.03 | 61 | Healthcare | |
| Moderna, Inc. | 0.05 | 0.08 | 0.08 | 74 | Healthcare | |
| AstraZeneca PLC | 0.08 | 0.04 | 0.06 | 70 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ILKAY
Add ILKAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ILKAY