Looking to balance out your exposure to INNV? The ETFs below have the lowest correlation with INNV — they tend to move on their own, which can help reduce risk when INNV drops. The stock ideas table highlights individual companies that behave independently from INNV.
No Diversifiers Found for INNV
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INNV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INNV and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | 0.08 | 0.12 | 0.13 | 92 | Healthcare | |
| Ciena Corporation | 0.10 | 0.17 | 0.22 | 98 | Technology | |
| Corcept Therapeutics Incorporated | 0.11 | 0.17 | 0.20 | 58 | Healthcare | |
| FormFactor, Inc. | 0.11 | 0.15 | 0.21 | 94 | Technology | |
| Travere Therapeutics, Inc. | 0.11 | 0.18 | 0.19 | 97 | Healthcare |
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