Looking to balance out your exposure to IOT? The ETFs below have the lowest correlation with IOT — they tend to move on their own, which can help reduce risk when IOT drops. The stock ideas table highlights individual companies that behave independently from IOT.
Best Diversifiers for IOT
9 ETFs have low correlation with IOT (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.07 | 0.08 | — | 100 | Ultrashort Bond | IOT vs MINT | |
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.24 | — | 80 | Dividend | IOT vs SCHD | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.11 | 0.18 | — | 87 | Materials | IOT vs REMX | |
| Vanguard International High Dividend Yield ETF | 0.14 | 0.25 | — | 66 | Dividend, Foreign Large Cap Equities | IOT vs VYMI | |
| Invesco International BuyBack Achievers™ ETF | 0.14 | 0.25 | — | 54 | Global Equities | IOT vs IPKW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IOT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.05 | — | 69 | Consumer Defensive | |
| Merck & Co., Inc. | -0.14 | -0.08 | — | 87 | Healthcare | |
| Walmart Inc. | -0.12 | 0.06 | — | 63 | Consumer Defensive | |
| Insmed Incorporated | -0.08 | 0.12 | 0.23 | 62 | Healthcare | |
| Eli Lilly and Company | -0.02 | 0.12 | — | 72 | Healthcare |
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Build a portfolio that complements IOT
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