Looking to balance out your exposure to IPX? The ETFs below have the lowest correlation with IPX — they tend to move on their own, which can help reduce risk when IPX drops. The stock ideas table highlights individual companies that behave independently from IPX.
Best Diversifiers for IPX
0 ETFs have low correlation with IPX (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.36, up from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.37 | 0.20 | — | 66 | Leveraged Equities, S&P 500 | IPX vs UPRO | |
| iShares Russell 2000 ETF | 0.37 | 0.22 | — | 68 | Small Cap Blend Equities | IPX vs IWM | |
| ProShares UltraPro QQQ | 0.37 | 0.20 | — | 71 | Leveraged Equities | IPX vs TQQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPX and solid risk/return profiles. The least correlated is Itochu Corp ADR (ITOCY) (Industrials) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Itochu Corp ADR | 0.12 | 0.12 | — | 52 | Industrials | |
| SharkNinja Inc. | 0.15 | — | — | 67 | Consumer Cyclical | |
| SPX Corporation | 0.25 | 0.17 | — | 77 | Industrials | |
| Taseko Mines Limited | 0.39 | 0.25 | — | 92 | Basic Materials | |
| United States Antimony Corporation | 0.42 | 0.24 | — | 80 | Basic Materials |
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