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
4 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 0.10, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Adaptive U.S. Factor ETF | 0.10 | 0.26 | 0.29 | 50 | Mid Cap Value Equities, Multi-factor | INOD vs AUSF | |
| Franklin International Low Volatility High Dividen... | 0.13 | 0.19 | 0.24 | 95 | Volatility Hedged Equity, Dividend | INOD vs LVHI | |
| Vanguard Short-Term Corporate Bond ETF | 0.15 | 0.10 | 0.08 | 79 | Corporate Bonds | INOD vs VCSH | |
| iShares MSCI Austria ETF | 0.23 | 0.27 | 0.30 | 83 | Europe Equities | INOD vs EWO | |
| iShares MSCI Europe Financials ETF | 0.32 | 0.30 | 0.33 | 55 | Financials Equities | INOD vs EUFN |
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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 -0.33, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.33 | -0.14 | -0.05 | 82 | Consumer Defensive | |
| Johnson & Johnson | -0.26 | -0.14 | -0.07 | 97 | Healthcare | |
| Atmos Energy Corporation | -0.22 | -0.01 | 0.03 | 73 | Utilities | |
| The Ensign Group, Inc. | -0.17 | 0.08 | 0.12 | 60 | Healthcare | |
| WEC Energy Group, Inc. | -0.16 | -0.03 | -0.01 | 67 | Utilities |
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