Looking to balance out your exposure to IOVA? The ETFs below have the lowest correlation with IOVA — they tend to move on their own, which can help reduce risk when IOVA drops. The stock ideas table highlights individual companies that behave independently from IOVA.
No Diversifiers Found for IOVA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IOVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IOVA and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.03 | 0.14 | 0.18 | 69 | Energy | |
| QuantumScape Corporation | 0.23 | 0.30 | 0.38 | 72 | Consumer Cyclical | |
| Atai Life Sciences N.V. | 0.24 | 0.36 | — | 73 | Healthcare | |
| Axsome Therapeutics, Inc. | 0.33 | 0.33 | 0.34 | 93 | Healthcare | |
| IDEAYA Biosciences, Inc. | 0.40 | 0.44 | 0.44 | 62 | Healthcare |
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