Looking to balance out your exposure to IMO? The ETFs below have the lowest correlation with IMO — they tend to move on their own, which can help reduce risk when IMO drops. The stock ideas table highlights individual companies that behave independently from IMO.
Best Diversifiers for IMO
9 ETFs have low correlation with IMO (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.04 | 0.09 | 0.16 | 73 | Nasdaq-100 | IMO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.18 | 0.28 | 70 | S&P 500 | IMO vs SPY | |
| Vanguard S&P 500 ETF | 0.03 | 0.19 | 0.28 | 70 | S&P 500 | IMO vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.03 | -0.03 | -0.05 | 100 | Ultrashort Bond | IMO vs SGOV | |
| Vanguard Total Stock Market ETF | 0.04 | 0.19 | 0.30 | 68 | Large Cap Blend Equities | IMO vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMO and solid risk/return profiles. The least correlated is Southwest Airlines Co. (LUV) (Industrials) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Southwest Airlines Co. | -0.10 | 0.02 | 0.16 | 58 | Industrials | |
| AMETEK, Inc. | -0.00 | 0.15 | 0.23 | 77 | Industrials | |
| Broadcom Inc. | 0.04 | 0.09 | 0.15 | 84 | Technology | |
| Tango Therapeutics, Inc. | 0.06 | 0.03 | 0.08 | 98 | Healthcare | |
| Agnico Eagle Mines Limited | 0.07 | 0.14 | 0.22 | 66 | Basic Materials |
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Build a portfolio that complements IMO
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