Looking to balance out your exposure to IQV? The ETFs below have the lowest correlation with IQV — they tend to move on their own, which can help reduce risk when IQV drops. The stock ideas table highlights individual companies that behave independently from IQV.
Best Diversifiers for IQV
1 ETFs have low correlation with IQV (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.25, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.25 | 0.33 | 0.44 | 96 | Semiconductors, Technology Equities | IQV vs SMH | |
| Vanguard S&P 500 ETF | 0.40 | 0.48 | 0.59 | 70 | S&P 500 | IQV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.48 | 0.59 | 70 | S&P 500 | IQV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IQV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IQV and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.02 | 0.20 | 0.29 | 79 | Industrials | |
| General Electric Company | 0.03 | 0.21 | 0.29 | 65 | Industrials | |
| Broadcom Inc. | 0.10 | 0.22 | 0.34 | 84 | Technology | |
| Johnson & Johnson | 0.12 | 0.22 | 0.26 | 92 | Healthcare | |
| AppLovin Corporation | 0.14 | 0.15 | 0.30 | 59 | Technology |
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