Looking to balance out your exposure to INOD? The ETFs below have the lowest correlation with INOD — they tend to move on their own, which can help reduce risk when INOD drops. The stock ideas table highlights individual companies that behave independently from INOD.
Best Diversifiers for INOD
3 ETFs have low correlation with INOD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Corporate Bond ETF (VCSH) (Corporate Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF | 0.13 | 0.10 | 0.07 | 74 | Corporate Bonds | INOD vs VCSH | |
| Franklin International Low Volatility High Dividen... | 0.14 | 0.21 | 0.25 | 89 | Volatility Hedged Equity, Dividend | INOD vs LVHI | |
| iShares MSCI Austria ETF | 0.27 | 0.28 | 0.31 | 66 | Europe Equities | INOD vs EWO | |
| iShares Currency Hedged MSCI EAFE Small Cap ETF | 0.33 | 0.37 | 0.39 | 73 | Foreign Small & Mid Cap Equities | INOD vs HSCZ | |
| Avantis International Small Cap Value ETF | 0.34 | 0.35 | 0.37 | 78 | Foreign Small & Mid Cap Equities | INOD vs AVDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INOD and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.12 | -0.03 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.26 | -0.13 | -0.07 | 92 | Healthcare | |
| Atmos Energy Corporation | -0.15 | 0.01 | 0.04 | 60 | Utilities | |
| Walmart Inc. | -0.12 | 0.02 | 0.06 | 63 | Consumer Defensive | |
| WEC Energy Group, Inc. | -0.10 | -0.03 | -0.00 | 50 | Utilities |
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