Looking to diversify beyond IROC? The ETFs below have the lowest correlation with IROC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IROC.
Best Diversifiers for IROC
8 ETFs have low correlation with IROC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.11 | 0.11 | — | 94 | Semiconductors, Technology Equities | IROC vs SOXQ | |
| Invesco S&P 500 Momentum ETF | 0.14 | 0.13 | — | 61 | Momentum, S&P 500 | IROC vs SPMO | |
| Invesco NASDAQ 100 ETF | 0.14 | 0.16 | — | 62 | Nasdaq-100 | IROC vs QQQM | |
| Invesco QQQ ETF | 0.15 | 0.16 | — | 62 | Nasdaq-100 | IROC vs QQQ | |
| Invesco S&P MidCap Momentum ETF | 0.15 | 0.18 | — | 61 | Momentum, Mid Cap Growth Equities | IROC vs XMMO |
See all 16 diversifiers for IROC
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