Looking to balance out your exposure to IP? The ETFs below have the lowest correlation with IP — they tend to move on their own, which can help reduce risk when IP drops. The stock ideas table highlights individual companies that behave independently from IP.
Best Diversifiers for IP
5 ETFs have low correlation with IP (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.01 | 0.01 | 100 | Ultrashort Bond | IP vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.07 | 0.23 | 0.31 | 70 | Energy Equities | IP vs XLE | |
| State Street Technology Select Sector SPDR ETF | 0.13 | 0.21 | 0.31 | 82 | Technology Equities | IP vs XLK | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.18 | 0.24 | 0.32 | 97 | Leveraged Equities, Semiconductors | IP vs SOXL | |
| Invesco QQQ ETF | 0.19 | 0.23 | 0.32 | 74 | Nasdaq-100 | IP vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IP and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.09 | 0.12 | 0.19 | 63 | Basic Materials | |
| Snowflake Inc. | -0.05 | 0.08 | 0.14 | 51 | Technology | |
| Palo Alto Networks, Inc. | -0.03 | 0.08 | 0.14 | 69 | Technology | |
| Cboe Global Markets, Inc. | -0.01 | -0.01 | 0.09 | 71 | Financial Services | |
| Broadcom Inc. | 0.01 | 0.09 | 0.21 | 76 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IP
Add IP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IP