Looking to balance out your exposure to INOD? The ETFs below have historically moved differently from INOD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for INOD
5 ETFs have low correlation with INOD (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Adaptive U.S. Factor ETF (AUSF) (Mid Cap Value Equities) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Adaptive U.S. Factor ETF | 0.07 | 0.25 | 0.28 | 83 | Mid Cap Value Equities, Multi-factor | INOD vs AUSF | |
| Franklin International Low Volatility High Dividen... | 0.10 | 0.19 | 0.24 | 97 | Dividend, Low Volatility | INOD vs LVHI | |
| Vanguard Short-Term Corporate Bond ETF | 0.15 | 0.09 | 0.07 | 72 | Corporate Bonds | INOD vs VCSH | |
| iShares MSCI Austria ETF | 0.23 | 0.27 | 0.30 | 89 | Europe Equities | INOD vs EWO | |
| iShares MSCI Europe Financials ETF | 0.30 | 0.30 | 0.33 | 77 | Financials Equities | INOD vs EUFN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INOD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.33, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.33 | -0.14 | -0.05 | 87 | Consumer Defensive | |
| Johnson & Johnson | -0.27 | -0.14 | -0.08 | 96 | Healthcare | |
| Atmos Energy Corporation | -0.25 | -0.02 | 0.02 | 67 | Utilities | |
| The Ensign Group, Inc. | -0.20 | 0.08 | 0.11 | 61 | Healthcare | |
| Walmart Inc. | -0.15 | 0.01 | 0.06 | 60 | Consumer Defensive |
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