Looking to balance out your exposure to IPAR? The ETFs below have the lowest correlation with IPAR — they tend to move on their own, which can help reduce risk when IPAR drops. The stock ideas table highlights individual companies that behave independently from IPAR.
Best Diversifiers for IPAR
1 ETFs have low correlation with IPAR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.38 | 0.46 | 74 | S&P 500 | IPAR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPAR and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.07 | 0.17 | 0.28 | 96 | Communication Services | |
| Tenaris S.A. | 0.10 | 0.19 | 0.21 | 95 | Energy | |
| Medpace Holdings, Inc. | 0.18 | 0.29 | 0.35 | 69 | Healthcare |
Build a portfolio that complements IPAR
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