Looking to balance out your exposure to INVA? The ETFs below have historically moved differently from INVA, 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 INVA
8 ETFs have low correlation with INVA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.02, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.02 | 0.19 | 0.25 | 68 | S&P 500 | INVA vs VOO | |
| Schwab U.S. Large-Cap ETF | 0.02 | 0.19 | 0.26 | 64 | Large Cap Blend Equities | INVA vs SCHX | |
| Vanguard Total Stock Market ETF | 0.03 | 0.20 | 0.26 | 67 | Large Cap Blend Equities | INVA vs VTI | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.04 | 0.21 | 0.27 | 67 | Large Cap Blend Equities | INVA vs ITOT | |
| Schwab Fundamental International Equity ETF | 0.10 | 0.20 | 0.23 | 91 | Foreign Large Cap Equities, Large Cap Value Equities | INVA vs FNDF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INVA, 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 IREN Limited (IREN) (Financial Services) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | -0.13 | 0.06 | 0.09 | 78 | Financial Services | |
| Bloom Energy Corporation | -0.08 | 0.06 | 0.13 | 97 | Industrials | |
| Cisco Systems, Inc. | -0.07 | 0.08 | 0.14 | 93 | Technology | |
| Lumentum Holdings Inc. | -0.07 | 0.09 | 0.16 | 98 | Technology | |
| NVIDIA Corporation | -0.07 | 0.04 | 0.11 | 56 | Technology |
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