Looking to balance out your exposure to IMPPP? The ETFs below have the lowest correlation with IMPPP — they tend to move on their own, which can help reduce risk when IMPPP drops. The stock ideas table highlights individual companies that behave independently from IMPPP.
Best Diversifiers for IMPPP
1 ETFs have low correlation with IMPPP (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.00, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.00 | 0.00 | — | 74 | S&P 500 | IMPPP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMPPP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMPPP and solid risk/return profiles. The least correlated is Vodafone Group Plc (VOD) (Communication Services) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vodafone Group Plc | -0.01 | 0.03 | — | 89 | Communication Services | |
| Orchid Island Capital, Inc. | 0.04 | 0.05 | — | 63 | Real Estate |
Build a portfolio that complements IMPPP
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