Looking to diversify beyond ION? The ETFs below have the lowest correlation with ION — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ION.
Best Diversifiers for ION
641 ETFs have low correlation with ION (below 0.3), 72 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.19 | 0.08 | — | 71 | Oil & Gas | ION vs DBE | |
| United States Oil Fund LP | -0.19 | 0.06 | — | 66 | Oil & Gas | ION vs USO | |
| United States Gasoline Fund LP | -0.19 | 0.04 | — | 70 | Oil & Gas | ION vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 98 | Inflation-Protected Bonds | ION vs RBIL | |
| United States Brent Oil Fund LP | -0.18 | 0.08 | — | 65 | Oil & Gas | ION vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ION, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ION and solid risk/return profiles. The least correlated is EchoStar Corporation (SATS) (Technology) with a 1Y correlation of 0.13, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EchoStar Corporation | 0.13 | 0.24 | — | 99 | Technology | |
| NVIDIA Corporation | 0.25 | 0.24 | — | 80 | Technology | |
| Tesla, Inc. | 0.25 | 0.30 | — | 58 | Consumer Cyclical | |
| Planet Labs PBC | 0.29 | 0.36 | — | 99 | Industrials | |
| Robinhood Markets, Inc. | 0.32 | 0.34 | — | 52 | Financial Services |
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