Looking to balance out your exposure to IRTC? The ETFs below have historically moved differently from IRTC, 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 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 0.16, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.31 | 0.40 | 67 | S&P 500 | IRTC vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.31 | 0.40 | 68 | S&P 500 | IRTC vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IRTC, 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 Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.13, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.13 | 0.12 | 0.20 | 99 | Technology | |
| IES Holdings, Inc. | 0.03 | 0.19 | 0.23 | 86 | Industrials | |
| Comfort Systems USA, Inc. | 0.05 | 0.21 | 0.26 | 95 | Industrials | |
| Liquidia Corporation | 0.10 | 0.19 | 0.20 | 98 | Healthcare | |
| Perdoceo Education Corporation | 0.11 | 0.16 | 0.19 | 55 | Consumer Defensive |
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