Looking to balance out your exposure to IONQ? The ETFs below have the lowest correlation with IONQ — they tend to move on their own, which can help reduce risk when IONQ drops. The stock ideas table highlights individual companies that behave independently from IONQ.
Best Diversifiers for IONQ
84 ETFs have low correlation with IONQ (below 0.3), 9 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.05 | -0.02 | — | 100 | Ultrashort Bond | IONQ vs BOXX | |
| iShares 0-1 Year Treasury Bond ETF | -0.05 | 0.03 | 0.01 | 100 | Government Bonds, Ultrashort Bond | IONQ vs SHV | |
| WisdomTree Floating Rate Treasury Fund | -0.04 | 0.05 | 0.01 | 100 | Government Bonds, Ultrashort Bond | IONQ vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | 0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | IONQ vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.00 | -0.01 | 100 | Ultrashort Bond | IONQ vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IONQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IONQ and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.21 | -0.01 | 0.07 | 85 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | -0.11 | -0.03 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.16 | -0.08 | -0.03 | 96 | Healthcare | |
| Chubb Limited | -0.16 | -0.09 | 0.02 | 69 | Financial Services | |
| Seneca Foods Corporation | -0.15 | -0.04 | 0.02 | 86 | Consumer Defensive |
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