Looking to balance out your exposure to INDO? The ETFs below have the lowest correlation with INDO — they tend to move on their own, which can help reduce risk when INDO drops. The stock ideas table highlights individual companies that behave independently from INDO.
Best Diversifiers for INDO
1 ETFs have low correlation with INDO (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 -0.24, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.24 | -0.04 | 0.09 | 70 | S&P 500 | INDO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDO and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.27 | -0.09 | 0.06 | 98 | Technology |
Build a portfolio that complements INDO
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