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
67 ETFs have low correlation with ISRG (below 0.3), 3 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.04 | -0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | ISRG vs USFR | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.02 | — | — | 100 | Ultrashort Bond | ISRG vs VBIL | |
| Global X MLP & Energy Infrastructure ETF | -0.01 | 0.18 | 0.25 | 51 | MLPs | ISRG vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | 0.00 | -0.02 | -0.02 | 100 | Ultrashort Bond | ISRG vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | ISRG vs BIL |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | -0.06 | 0.06 | 74 | Energy | |
| Chevron Corporation | -0.17 | -0.05 | 0.09 | 70 | Energy | |
| ConocoPhillips Company | -0.17 | -0.04 | 0.07 | 65 | Energy | |
| BP p.l.c. | -0.17 | -0.03 | 0.06 | 75 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | 0.00 | 0.02 | 75 | Energy |
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Build a portfolio that complements ISRG
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