Looking to balance out your exposure to IMO? The ETFs below have historically moved differently from IMO, 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 IMO
9 ETFs have low correlation with IMO (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.04 | 0.08 | 0.15 | 54 | Nasdaq-100 | IMO vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.15 | 0.26 | 71 | S&P 500 | IMO vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.15 | 0.26 | 72 | S&P 500 | IMO vs VOO | |
| Vanguard Total Stock Market ETF | -0.01 | 0.16 | 0.27 | 71 | Large Cap Blend Equities | IMO vs VTI | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | -0.02 | -0.06 | 100 | Ultrashort Bond | IMO vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IMO, 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 Southwest Airlines Co. (LUV) (Industrials) with a 1Y correlation of -0.17, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Southwest Airlines Co. | -0.17 | -0.02 | 0.12 | 80 | Industrials | |
| AMETEK, Inc. | -0.03 | 0.11 | 0.21 | 86 | Industrials | |
| NVIDIA Corporation | -0.02 | 0.07 | 0.13 | 63 | Technology | |
| Broadcom Inc. | 0.02 | 0.08 | 0.13 | 70 | Technology | |
| Tango Therapeutics, Inc. | 0.04 | 0.03 | 0.08 | 97 | Healthcare |
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