Looking to balance out your exposure to INDV? The ETFs below have the lowest correlation with INDV — they tend to move on their own, which can help reduce risk when INDV drops. The stock ideas table highlights individual companies that behave independently from INDV.
Best Diversifiers for INDV
7 ETFs have low correlation with INDV (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.10 | -0.06 | 100 | Government Bonds, Ultrashort Bond | INDV vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.08 | -0.05 | 100 | Government Bonds, Ultrashort Bond | INDV vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | 0.02 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | INDV vs SHV | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.06 | 0.19 | 0.13 | 96 | Leveraged Equities, Semiconductors | INDV vs SOXL | |
| Direxion Daily GOOGL Bull 2X Shares | 0.17 | 0.21 | — | 94 | Leveraged Equities | INDV vs GGLL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INDV and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.17 | 0.03 | 0.04 | 70 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | 0.00 | 0.01 | 61 | Energy | |
| TotalEnergies SE | -0.10 | 0.00 | -0.01 | 79 | Energy | |
| Lumentum Holdings Inc. | -0.00 | 0.14 | 0.11 | 99 | Technology | |
| Planet Labs PBC | -0.00 | 0.20 | 0.15 | 96 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements INDV
Add INDV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with INDV