Looking to diversify beyond IONX? The ETFs below have the lowest correlation with IONX — 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 IONX.
Best Diversifiers for IONX
839 ETFs have low correlation with IONX (below 0.3), 38 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.11, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.11 | -0.00 | -0.00 | 98 | Ultrashort Bond | IONX vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.10 | — | — | 98 | Commodities | IONX vs BWET | |
| Obra Opportunistic Structured Products ETF | -0.09 | — | — | 72 | Multisector Bonds | IONX vs OOSP | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | -0.12 | -0.12 | 99 | Ultrashort Bond, Government Bonds | IONX vs VGUS | |
| First Trust Merger Arbitrage ETF | -0.08 | — | — | 50 | Long-Short | IONX vs MARB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IONX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IONX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IonQ, Inc. | 1.00 | — | — | 59 | Technology |
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