Looking to balance out your exposure to IMCC? The ETFs below have the lowest correlation with IMCC — they tend to move on their own, which can help reduce risk when IMCC drops. The stock ideas table highlights individual companies that behave independently from IMCC.
Best Diversifiers for IMCC
1 ETFs have low correlation with IMCC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Dividend Appreciation ETF (VIG) (Dividend) with a 1Y correlation of 0.19, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Dividend Appreciation ETF | 0.19 | 0.06 | 0.12 | 66 | Dividend | IMCC vs VIG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMCC and solid risk/return profiles. The least correlated is Cronos Group Inc. (CRON) (Healthcare) with a 1Y correlation of 0.18, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cronos Group Inc. | 0.18 | 0.17 | 0.24 | 67 | Healthcare |
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