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
128 ETFs have low correlation with IREN (below 0.3), 24 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.13 | -0.16 | — | 51 | Currency | IREN vs UUP | |
| Alerian MLP ETF | -0.09 | 0.11 | 0.17 | 54 | MLPs | IREN vs AMLP | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.09 | 0.09 | 0.10 | 53 | Dividend | IREN vs LVHD | |
| F/m US Treasury 3 Month Bill ETF | -0.08 | -0.03 | — | 100 | Ultrashort Bond | IREN vs TBIL | |
| iShares Core High Dividend ETF | -0.07 | 0.07 | — | 78 | Dividend, Large Cap Value Equities | IREN vs HDV |
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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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.25, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.25 | -0.06 | 0.00 | 84 | Financial Services | |
| Waste Management, Inc. | -0.21 | -0.07 | — | 53 | Industrials | |
| The Travelers Companies, Inc. | -0.20 | -0.01 | — | 91 | Financial Services | |
| Chubb Limited | -0.20 | -0.09 | -0.02 | 86 | Financial Services | |
| The Coca-Cola Company | -0.16 | -0.03 | -0.01 | 83 | Consumer Defensive |
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Build a portfolio that complements IREN
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