Looking to balance out your exposure to IREN? The ETFs below have the lowest correlation with IREN — they tend to move on their own, which can help reduce risk when IREN drops. The stock ideas table highlights individual companies that behave independently from IREN.
Best Diversifiers for IREN
123 ETFs have low correlation with IREN (below 0.3), 9 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | 0.03 | 0.05 | 93 | Inflation-Protected Bonds | IREN vs VTIP | |
| United States Oil Fund LP | -0.04 | 0.03 | 0.07 | 66 | Oil & Gas | IREN vs USO | |
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.08 | 0.13 | 63 | Energy Equities | IREN vs XLE | |
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.06 | 0.06 | 93 | Inflation-Protected Bonds | IREN vs STIP | |
| iShares 1-3 Year Treasury Bond ETF | -0.02 | 0.01 | 0.03 | 79 | Government Bonds, Short-Term Bond | IREN vs SHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IREN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IREN and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.08 | -0.04 | 59 | Communication Services | |
| Chubb Limited | -0.10 | -0.06 | -0.02 | 51 | Financial Services | |
| The Coca-Cola Company | -0.07 | -0.00 | 0.01 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.05 | -0.04 | — | 92 | Healthcare | |
| AbbVie Inc. | -0.04 | 0.00 | 0.00 | 62 | Healthcare |
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