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 Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.36, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.36 | 0.23 | 0.20 | 82 | Rare Earth & Strategic Metals | 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 -0.05, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | -0.05 | -0.06 | -0.04 | 90 | Healthcare | |
| Thermo Fisher Scientific Inc. | 0.02 | -0.00 | 0.02 | 61 | Healthcare | |
| Pfizer Inc. | 0.02 | 0.04 | 0.03 | 50 | Healthcare | |
| AstraZeneca PLC | 0.06 | 0.03 | 0.05 | 78 | Healthcare | |
| Moderna, Inc. | 0.07 | 0.09 | 0.08 | 85 | Healthcare |
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