Looking to balance out your exposure to INGN? The ETFs below have the lowest correlation with INGN — they tend to move on their own, which can help reduce risk when INGN drops. The stock ideas table highlights individual companies that behave independently from INGN.
Best Diversifiers for INGN
0 ETFs have low correlation with INGN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.36 | 0.42 | 70 | S&P 500 | INGN vs SPY |
Diversification Analysis
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