Looking to balance out your exposure to IREN? The ETFs below have historically moved differently from IREN, 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 IREN
154 ETFs have low correlation with IREN (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) (Dividend) with a 1Y correlation of -0.16, down from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.16 | 0.06 | — | 55 | Dividend, S&P 500, Low Volatility | IREN vs SPHD | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.15 | 0.06 | — | 58 | Dividend, Low Volatility | IREN vs LVHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.13 | 0.09 | — | 92 | Large Cap Value Equities, Dividend | IREN vs FDL | |
| iShares Core High Dividend ETF | -0.13 | 0.05 | — | 91 | Dividend, Large Cap Value Equities | IREN vs HDV | |
| F/m US Treasury 3 Month Bill ETF | -0.12 | -0.04 | — | 100 | Ultrashort Bond | IREN vs TBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IREN, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.31, down from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.31 | -0.06 | — | 83 | Financial Services | |
| Chubb Limited | -0.22 | -0.08 | -0.04 | 87 | Financial Services | |
| The Travelers Companies, Inc. | -0.20 | -0.00 | 0.01 | 95 | Financial Services | |
| Verizon Communications Inc. | -0.20 | -0.11 | -0.05 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | -0.19 | 0.06 | — | 61 | Financial Services |
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