Looking to balance out your exposure to IRM? The ETFs below have the lowest correlation with IRM — they tend to move on their own, which can help reduce risk when IRM drops. The stock ideas table highlights individual companies that behave independently from IRM.
Best Diversifiers for IRM
2 ETFs have low correlation with IRM (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | 0.05 | 0.07 | 0.02 | 100 | Government Bonds, Ultrashort Bond | IRM vs USFR | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.13 | 0.16 | 0.21 | 83 | Inflation-Protected Bonds | IRM vs VTIP | |
| Vanguard Short-Term Bond Index Fund ETF Shares | 0.31 | 0.23 | 0.22 | 54 | Short-Term Bond | IRM vs BSV | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.43 | 0.51 | 77 | Dividend | IRM vs SCHD | |
| Direxion Daily Technology Bull 3X Shares | 0.33 | 0.37 | 0.42 | 65 | Leveraged Equities, Technology Equities | IRM vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IRM and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.04 | 0.08 | 0.19 | 65 | Energy | |
| Murphy USA Inc. | -0.01 | 0.14 | 0.19 | 66 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.14 | 0.22 | 85 | Consumer Defensive | |
| The Coca-Cola Company | 0.01 | 0.14 | 0.25 | 74 | Consumer Defensive | |
| Johnson & Johnson | 0.02 | 0.12 | 0.21 | 96 | Healthcare |
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Build a portfolio that complements IRM
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