Looking to balance out your exposure to IRTC? The ETFs below have the lowest correlation with IRTC — they tend to move on their own, which can help reduce risk when IRTC drops. The stock ideas table highlights individual companies that behave independently from IRTC.
Best Diversifiers for IRTC
2 ETFs have low correlation with IRTC (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 0.27, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.35 | 0.41 | 70 | S&P 500 | IRTC vs SPY | |
| Vanguard S&P 500 ETF | 0.28 | 0.35 | 0.41 | 70 | S&P 500 | IRTC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IRTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IRTC and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of 0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | 0.01 | 0.18 | 0.24 | 99 | Technology | |
| Liquidia Corporation | 0.13 | 0.18 | 0.21 | 93 | Healthcare | |
| IES Holdings, Inc. | 0.19 | 0.24 | 0.26 | 91 | Industrials | |
| Comfort Systems USA, Inc. | 0.20 | 0.26 | 0.29 | 98 | Industrials | |
| Rhythm Pharmaceuticals, Inc. | 0.20 | 0.21 | 0.22 | 59 | Healthcare |
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