Looking to balance out your exposure to ILMN? The ETFs below have the lowest correlation with ILMN — they tend to move on their own, which can help reduce risk when ILMN drops. The stock ideas table highlights individual companies that behave independently from ILMN.
Best Diversifiers for ILMN
3 ETFs have low correlation with ILMN (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.22 | 0.27 | 0.37 | 94 | Semiconductors, Technology Equities | ILMN vs SMH | |
| Vanguard Short-Term Treasury ETF | 0.22 | 0.15 | 0.16 | 82 | Government Bonds, Short-Term Bond | ILMN vs VGSH | |
| Invesco QQQ ETF | 0.28 | 0.33 | 0.46 | 59 | Nasdaq-100 | ILMN vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.39 | 0.48 | 60 | S&P 500 | ILMN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.39 | 0.49 | 60 | S&P 500 | ILMN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ILMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ILMN and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.08 | 0.07 | 0.13 | 75 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.06 | 0.09 | 74 | Energy | |
| PepsiCo, Inc. | 0.07 | 0.14 | 0.19 | 59 | Consumer Defensive | |
| Johnson & Johnson | 0.07 | 0.13 | 0.19 | 96 | Healthcare | |
| JPMorgan Chase & Co. | 0.15 | 0.23 | 0.27 | 68 | Financial Services |
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