Looking to diversify beyond IREX? The ETFs below have historically moved differently from IREX, 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 IREX
0 ETFs have low correlation with IREX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ASML Daily ETF (ASMG) (Leveraged Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ASML Daily ETF | 0.42 | 0.42 | 0.42 | 93 | Leveraged Equities | IREX vs ASMG |
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