Looking to balance out your exposure to IMBBY? The ETFs below have historically moved differently from IMBBY, 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 IMBBY
4 ETFs have low correlation with IMBBY (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.08 | 0.05 | 0.14 | 54 | Nasdaq-100 | IMBBY vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.13 | 0.23 | 71 | S&P 500 | IMBBY vs SPY | |
| Vanguard S&P 500 ETF | 0.01 | 0.15 | 0.23 | 72 | S&P 500 | IMBBY vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.03 | 0.06 | 0.00 | 100 | Ultrashort Bond | IMBBY vs SGOV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IMBBY, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.15, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.15 | -0.04 | — | 76 | Technology | |
| Shopify Inc. | -0.07 | 0.03 | 0.10 | 51 | Technology | |
| Ituran Location and Control Ltd. | -0.05 | 0.03 | 0.08 | 80 | Technology | |
| Celestica Inc. | -0.05 | 0.01 | 0.11 | 76 | Technology | |
| Valero Energy Corporation | -0.02 | 0.01 | 0.10 | 98 | Energy |
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