Looking to diversify beyond IPO? The ETFs below have the lowest correlation with IPO — 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 IPO.
Best Diversifiers for IPO
474 ETFs have low correlation with IPO (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.51 | — | — | 53 | Inverse Equities | IPO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 60 | Inverse Equities, Leveraged Equities | IPO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 65 | Derivative Income | IPO vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.21 | — | — | 51 | Multistrategy | IPO vs RSBY | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 99 | Ultrashort Bond | IPO vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPO and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.45, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.45 | 0.49 | 0.56 | 66 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.52 | 0.53 | 0.60 | 97 | Technology |
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