Looking to balance out your exposure to IPGP? The ETFs below have the lowest correlation with IPGP — they tend to move on their own, which can help reduce risk when IPGP drops. The stock ideas table highlights individual companies that behave independently from IPGP.
Best Diversifiers for IPGP
0 ETFs have low correlation with IPGP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.49, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.49 | 0.52 | 0.58 | 59 | Nasdaq-100 | IPGP vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.55 | 0.59 | 60 | S&P 500 | IPGP vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.54 | 0.59 | 60 | S&P 500 | IPGP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPGP and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.39, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.39 | 0.38 | 0.39 | 96 | Technology | |
| nLIGHT, Inc. | 0.45 | 0.51 | 0.55 | 95 | Technology | |
| Novanta Inc. | 0.48 | 0.55 | 0.56 | 58 | Technology | |
| KLA Corporation | 0.51 | 0.51 | 0.57 | 95 | Technology | |
| Advanced Energy Industries, Inc. | 0.60 | 0.63 | 0.65 | 95 | Industrials |
Build a portfolio that complements IPGP
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