Looking to balance out your exposure to IMPUF? The ETFs below have the lowest correlation with IMPUF — they tend to move on their own, which can help reduce risk when IMPUF drops. The stock ideas table highlights individual companies that behave independently from IMPUF.
No Diversifiers Found for IMPUF
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMPUF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMPUF and solid risk/return profiles. The least correlated is Mitsui Engineering & Shipbuilding Co Ltd ADR (MIESY) (Industrials) with a 1Y correlation of -0.11, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui Engineering & Shipbuilding Co Ltd ADR | -0.11 | -0.08 | -0.06 | 87 | Industrials | |
| Jade Biosciences, Inc | 0.01 | -0.00 | — | 83 | Healthcare | |
| Micron Technology, Inc. | 0.09 | 0.04 | 0.07 | 99 | Technology | |
| ProKidney Corp. | 0.10 | 0.04 | — | 76 | Healthcare | |
| Seagate Technology plc | 0.11 | 0.05 | 0.07 | 99 | Technology |
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