Looking to balance out your exposure to INVH? The ETFs below have the lowest correlation with INVH — they tend to move on their own, which can help reduce risk when INVH drops. The stock ideas table highlights individual companies that behave independently from INVH.
Best Diversifiers for INVH
2 ETFs have low correlation with INVH (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Commodity Producers Equities) with a 1Y correlation of 0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.04 | 0.18 | 0.25 | 93 | Commodity Producers Equities | INVH vs LIT | |
| Vanguard S&P 500 ETF | 0.14 | 0.33 | 0.45 | 74 | S&P 500 | INVH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INVH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INVH and solid risk/return profiles. The least correlated is Shoals Technologies Group, Inc. (SHLS) (Technology) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shoals Technologies Group, Inc. | -0.03 | 0.09 | 0.16 | 84 | Technology | |
| First Solar, Inc. | 0.01 | 0.11 | 0.18 | 81 | Technology | |
| Enphase Energy, Inc. | 0.03 | 0.15 | 0.21 | 66 | Technology | |
| Diamondback Energy, Inc. | 0.03 | 0.13 | 0.15 | 81 | Energy | |
| Lantheus Holdings, Inc. | 0.12 | 0.16 | 0.24 | 58 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements INVH
Add INVH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with INVH