Looking to diversify beyond IPAY? The ETFs below have the lowest correlation with IPAY — 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 IPAY.
Best Diversifiers for IPAY
492 ETFs have low correlation with IPAY (below 0.3), 60 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.49 | -0.49 | 60 | Inverse Equities, Leveraged Equities | IPAY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.49 | -0.49 | 53 | Inverse Equities | IPAY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | -0.46 | -0.46 | 65 | Derivative Income | IPAY vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.24 | — | — | 60 | Inverse Equities | IPAY vs NFXS | |
| United States Gasoline Fund LP | -0.22 | -0.06 | 0.06 | 72 | Oil & Gas | IPAY vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPAY and solid risk/return profiles. The least correlated is American Express Company (AXP) (Financial Services) with a 1Y correlation of 0.70, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Express Company | 0.70 | 0.69 | 0.71 | 53 | Financial Services |
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