Looking to balance out your exposure to IRM? The ETFs below have historically moved differently from IRM, 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 IRM
8 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | 0.05 | 0.08 | 0.02 | 100 | Government Bonds, Ultrashort Bond | IRM vs USFR | |
| State Street Energy Select Sector SPDR ETF | 0.05 | 0.15 | 0.23 | 75 | Energy Equities | IRM vs XLE | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.16 | 0.20 | 88 | Inflation-Protected Bonds | IRM vs VTIP | |
| State Street Health Care Select Sector SPDR ETF | 0.17 | 0.32 | 0.40 | 68 | Health & Biotech Equities | IRM vs XLV | |
| Vanguard Health Care ETF | 0.20 | 0.35 | 0.43 | 74 | Health & Biotech Equities | IRM vs VHT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IRM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.10 | 0.03 | 0.12 | 62 | Healthcare | |
| The Coca-Cola Company | -0.07 | 0.13 | 0.24 | 87 | Consumer Defensive | |
| Murphy USA Inc. | -0.05 | 0.12 | 0.18 | 87 | Consumer Cyclical | |
| Arch Capital Group Ltd. | -0.04 | 0.15 | 0.22 | 65 | Financial Services | |
| Johnson & Johnson | -0.02 | 0.12 | 0.20 | 96 | Healthcare |
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