Looking to balance out your exposure to INVX? The ETFs below have the lowest correlation with INVX — they tend to move on their own, which can help reduce risk when INVX drops. The stock ideas table highlights individual companies that behave independently from INVX.
No Diversifiers Found for INVX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INVX and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | -0.01 | 0.17 | 0.19 | 81 | Technology | |
| Neurocrine Biosciences, Inc. | -0.00 | 0.06 | 0.12 | 68 | Healthcare | |
| Telefônica Brasil S.A. | 0.03 | 0.11 | 0.16 | 73 | Communication Services | |
| IAMGOLD Corporation | 0.05 | 0.12 | 0.20 | 84 | Basic Materials | |
| Gold Fields Limited | 0.07 | 0.13 | 0.15 | 69 | Basic Materials |
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