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
21 ETFs have low correlation with INDV (below 0.3), 5 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 -0.14, 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 | -0.14 | -0.11 | -0.06 | 100 | Government Bonds, Ultrashort Bond | INDV vs BIL | |
| VanEck Oil Refiners ETF | -0.12 | 0.13 | 0.10 | 93 | Energy Equities | INDV vs CRAK | |
| iShares Treasury Floating Rate Bond ETF | -0.11 | -0.08 | -0.06 | 100 | Government Bonds, Ultrashort Bond | INDV vs TFLO | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.10 | 0.06 | 0.07 | 77 | Commodities | INDV vs FTGC | |
| Invesco S&P SmallCap Energy ETF | -0.03 | 0.15 | 0.10 | 66 | Energy Equities | INDV vs PSCE |
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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 | 74 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.15 | -0.00 | 0.01 | 70 | Energy | |
| China Shenhua Energy Co Ltd | -0.13 | 0.04 | 0.07 | 74 | Energy | |
| TotalEnergies SE | -0.10 | 0.00 | -0.01 | 79 | Energy | |
| Lumentum Holdings Inc. | -0.01 | 0.13 | 0.11 | 98 | Technology |
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