Looking to balance out your exposure to IRON? The ETFs below have the lowest correlation with IRON — they tend to move on their own, which can help reduce risk when IRON drops. The stock ideas table highlights individual companies that behave independently from IRON.
Best Diversifiers for IRON
1 ETFs have low correlation with IRON (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.28 | 0.25 | 70 | S&P 500 | IRON vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IRON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IRON and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | -0.00 | 0.01 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.08 | -0.01 | 0.03 | 85 | Energy | |
| Verizon Communications Inc. | 0.01 | 0.04 | 0.02 | 59 | Communication Services | |
| Corteva, Inc. | 0.09 | 0.10 | 0.09 | 51 | Basic Materials | |
| NVIDIA Corporation | 0.13 | 0.14 | 0.16 | 78 | Technology |
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