Looking to diversify beyond IQM? The ETFs below have historically moved differently from IQM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IQM
590 ETFs have low correlation with IQM (below 0.3), 132 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 51 | Cryptocurrency | IQM vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 69 | Derivative Income | IQM vs WNTR | |
| iShares U.S. Insurance ETF | -0.30 | -0.01 | 0.19 | 54 | Financials Equities | IQM vs IAK | |
| iShares Core High Dividend ETF | -0.21 | 0.02 | 0.24 | 91 | Dividend, Large Cap Value Equities | IQM vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.21 | 0.07 | 0.25 | 92 | Large Cap Value Equities, Dividend | IQM vs FDL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IQM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.65, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.65 | 0.72 | 0.79 | 61 | Technology |
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