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Looking to diversify beyond IMVP? The ETFs below have historically moved differently from IMVP, 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 IMVP

623 ETFs have low correlation with IMVP (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.02 over 5 years.

How candidates are selected

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for IMVP, 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 Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of 0.17, roughly unchanged from 0.24 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Brookfield Renewable Partners L.P.0.170.230.24
80
Utilities
Iberdrola SA0.190.200.28
94
Utilities
NVIDIA Corporation0.250.240.34
61
Technology
Taiwan Semiconductor Manufacturing Company Limited0.350.320.38
88
Technology

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