Looking to balance out your exposure to IMPP? The ETFs below have the lowest correlation with IMPP — they tend to move on their own, which can help reduce risk when IMPP drops. The stock ideas table highlights individual companies that behave independently from IMPP.
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 0.08, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Value ETF | 0.08 | 0.15 | — | 79 | Large Cap Value Equities | IMPP vs VTV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMPP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMPP and solid risk/return profiles. The least correlated is DiamondRock Hospitality Company (DRH) (Real Estate) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DiamondRock Hospitality Company | 0.01 | 0.09 | — | 88 | Real Estate | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.02 | 0.07 | 0.11 | 85 | Technology | |
| Red Cat Holdings, Inc. | 0.20 | 0.11 | — | 69 | Technology | |
| Scorpio Tankers Inc. | 0.29 | 0.27 | — | 89 | Energy |
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