Looking to balance out your exposure to INSP? The ETFs below have the lowest correlation with INSP — they tend to move on their own, which can help reduce risk when INSP drops. The stock ideas table highlights individual companies that behave independently from INSP.
Best Diversifiers for INSP
8 ETFs have low correlation with INSP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.01 | 0.11 | 0.13 | 60 | Energy Equities | INSP vs VDE | |
| iShares MSCI South Korea ETF | 0.04 | 0.15 | 0.23 | 87 | South Korea Equities, Asia Pacific Equities | INSP vs EWY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.13 | 0.15 | 0.16 | 80 | Corporate Bonds | INSP vs IGSB | |
| iShares 1-3 Year Treasury Bond ETF | 0.14 | 0.11 | 0.09 | 87 | Government Bonds, Short-Term Bond | INSP vs SHY | |
| Federated Hermes Short Duration High Yield ETF | 0.18 | 0.26 | — | 83 | High Yield Bonds | INSP vs FHYS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INSP and solid risk/return profiles. The least correlated is Kinross Gold Corporation (KGC) (Basic Materials) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinross Gold Corporation | -0.01 | 0.06 | 0.12 | 70 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.03 | 0.14 | 0.24 | 89 | Technology | |
| NVIDIA Corporation | 0.04 | 0.13 | 0.29 | 63 | Technology | |
| Franco-Nevada Corporation | 0.04 | 0.07 | 0.11 | 65 | Basic Materials | |
| Centerra Gold Inc | 0.05 | 0.06 | 0.11 | 89 | Basic Materials |
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