Looking to balance out your exposure to IMPP? The ETFs below have historically moved differently from IMPP, 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 IMPP
1 ETFs have low correlation with IMPP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Value ETF (VTV) (Large Cap Value Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Value ETF | 0.10 | 0.13 | — | 94 | Large Cap Value Equities | IMPP vs VTV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IMPP, 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 DiamondRock Hospitality Company (DRH) (Real Estate) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DiamondRock Hospitality Company | -0.01 | 0.08 | — | 97 | Real Estate | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.05 | 0.05 | — | 77 | Technology | |
| Scorpio Tankers Inc. | 0.29 | 0.27 | — | 87 | Energy |
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