Looking to balance out your exposure to IPG? The ETFs below have the lowest correlation with IPG — they tend to move on their own, which can help reduce risk when IPG drops. The stock ideas table highlights individual companies that behave independently from IPG.
Best Diversifiers for IPG
3 ETFs have low correlation with IPG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.02, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.02 | 0.22 | 0.39 | 62 | Nasdaq-100 | IPG vs QQQ | |
| Vanguard S&P 500 ETF | 0.12 | 0.34 | 0.50 | 66 | S&P 500 | IPG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.34 | 0.50 | 66 | S&P 500 | IPG vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.57 | 0.64 | 83 | Dividend | IPG vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPG and solid risk/return profiles. The least correlated is ASE Technology Holding Co., Ltd. (ASX) (Technology) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. | -0.07 | 0.18 | 0.29 | 98 | Technology | |
| Alphabet Inc. Class A | -0.01 | 0.10 | 0.29 | 96 | Communication Services | |
| Brookfield Renewable Partners L.P. | 0.00 | 0.20 | 0.22 | 87 | Utilities | |
| Mizuho Financial Group, Inc. | 0.03 | 0.15 | 0.24 | 87 | Financial Services | |
| JPMorgan Chase & Co. | 0.06 | 0.30 | 0.46 | 67 | Financial Services |
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