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
101 ETFs have low correlation with IREN (below 0.3), 11 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | -0.06 | -0.02 | — | 100 | Ultrashort Bond | IREN vs TBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.01 | — | 100 | Government Bonds, Ultrashort Bond | IREN vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | — | 100 | Ultrashort Bond | IREN vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.04 | 0.04 | 0.06 | 85 | Inflation-Protected Bonds | IREN vs STIP | |
| Global X MLP & Energy Infrastructure ETF | -0.04 | 0.14 | 0.19 | 55 | MLPs | IREN vs MLPX |
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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 -0.20, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.20 | -0.05 | 0.01 | 67 | Financial Services | |
| Verizon Communications Inc. | -0.14 | -0.08 | -0.04 | 66 | Communication Services | |
| Chubb Limited | -0.14 | -0.07 | -0.03 | 69 | Financial Services | |
| Innoviva, Inc. | -0.11 | 0.07 | 0.11 | 56 | Healthcare | |
| The Coca-Cola Company | -0.10 | -0.01 | 0.00 | 74 | Consumer Defensive |
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