Looking to balance out your exposure to INVA? The ETFs below have the lowest correlation with INVA — they tend to move on their own, which can help reduce risk when INVA drops. The stock ideas table highlights individual companies that behave independently from INVA.
Best Diversifiers for INVA
10 ETFs have low correlation with INVA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Growth ETF (VOOG) (S&P 500) with a 1Y correlation of 0.08, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | 0.08 | 0.16 | 0.23 | 60 | S&P 500, Large Cap Growth Equities | INVA vs VOOG | |
| Invesco QQQ ETF | 0.10 | 0.16 | 0.22 | 74 | Nasdaq-100 | INVA vs QQQ | |
| Vanguard S&P 500 ETF | 0.11 | 0.23 | 0.27 | 74 | S&P 500 | INVA vs VOO | |
| Schwab U.S. Large-Cap ETF | 0.12 | 0.23 | 0.27 | 71 | Large Cap Blend Equities | INVA vs SCHX | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.13 | 0.25 | 0.28 | 73 | Large Cap Blend Equities | INVA vs ITOT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INVA and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.11, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.11 | 0.00 | 0.06 | 78 | Energy | |
| Oracle Corporation | -0.08 | 0.08 | 0.14 | 61 | Technology | |
| Exxon Mobil Corporation | -0.08 | 0.03 | 0.06 | 86 | Energy | |
| Target Hospitality Corp. | -0.06 | 0.04 | 0.06 | 90 | Energy | |
| Stagwell Inc. | -0.00 | 0.20 | 0.18 | 70 | Communication Services |
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