Looking to balance out your exposure to ISRG? The ETFs below have the lowest correlation with ISRG — they tend to move on their own, which can help reduce risk when ISRG drops. The stock ideas table highlights individual companies that behave independently from ISRG.
Best Diversifiers for ISRG
124 ETFs have low correlation with ISRG (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.15, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.04 | 0.04 | 56 | Commodities | ISRG vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.04 | 0.04 | 57 | Commodities | ISRG vs PDBC | |
| iShares Global Energy ETF | -0.13 | 0.02 | 0.12 | 65 | Energy Equities | ISRG vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.02 | 0.12 | 59 | Energy Equities | ISRG vs XLE | |
| Vanguard Energy ETF | -0.11 | 0.03 | 0.13 | 60 | Energy Equities | ISRG vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ISRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ISRG and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.18 | -0.01 | 0.10 | 76 | Energy | |
| Exxon Mobil Corporation | -0.18 | -0.06 | 0.06 | 78 | Energy | |
| ConocoPhillips Company | -0.17 | -0.04 | 0.07 | 69 | Energy | |
| Chevron Corporation | -0.16 | -0.06 | 0.09 | 74 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.16 | 0.01 | 0.03 | 80 | Energy |
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Build a portfolio that complements ISRG
Add ISRG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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