Looking to balance out your exposure to IONS? The ETFs below have the lowest correlation with IONS — they tend to move on their own, which can help reduce risk when IONS drops. The stock ideas table highlights individual companies that behave independently from IONS.
Best Diversifiers for IONS
3 ETFs have low correlation with IONS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.23 | 0.28 | 94 | Semiconductors, Technology Equities | IONS vs SMH | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.28 | 0.34 | 60 | S&P 500 | IONS vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.28 | 0.34 | 60 | S&P 500 | IONS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IONS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IONS and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.05 | 0.04 | 0.18 | 58 | Communication Services | |
| Duke Energy Corporation | 0.00 | 0.03 | 0.05 | 64 | Utilities | |
| Lumentum Holdings Inc. | 0.08 | 0.16 | 0.19 | 99 | Technology | |
| Taboola.com Ltd. | 0.09 | 0.15 | — | 62 | Communication Services | |
| The PNC Financial Services Group, Inc. | 0.09 | 0.16 | 0.21 | 80 | Financial Services |
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