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
632 ETFs have low correlation with ION (below 0.3), 64 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.36 | — | 51 | Currency | ION vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ION vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.25 | -0.26 | 57 | Cryptocurrency | ION vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | ION vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.26 | — | 60 | Inverse Equities | ION vs SMST |
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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 Planet Labs PBC (PL) (Industrials) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Planet Labs PBC | 0.26 | 0.35 | — | 96 | Industrials | |
| NVIDIA Corporation | 0.27 | 0.24 | — | 65 | Technology | |
| Robinhood Markets, Inc. | 0.29 | 0.33 | — | 52 | Financial Services | |
| Tesla, Inc. | 0.29 | 0.32 | — | 63 | Consumer Cyclical | |
| Hecla Mining Company | 0.50 | 0.48 | — | 85 | Basic Materials |
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Build a portfolio that complements ION
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