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
75 ETFs have low correlation with ISRG (below 0.3), 15 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.26 | -0.12 | -0.02 | 66 | Oil & Gas | ISRG vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.24 | -0.10 | -0.00 | 54 | Leveraged Commodities | ISRG vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.03 | 0.04 | 75 | Commodities | ISRG vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.03 | 0.04 | 74 | Commodities | ISRG vs PDBC | |
| iShares Global Energy ETF | -0.11 | 0.03 | 0.13 | 76 | Energy Equities | ISRG vs IXC |
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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 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | -0.05 | 0.07 | 85 | Energy | |
| Chevron Corporation | -0.17 | -0.05 | 0.09 | 83 | Energy | |
| Altria Group, Inc. | -0.16 | -0.07 | 0.04 | 69 | Consumer Defensive | |
| BP p.l.c. | -0.15 | -0.02 | 0.07 | 87 | Energy | |
| ConocoPhillips Company | -0.15 | -0.03 | 0.08 | 76 | Energy |
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Build a portfolio that complements ISRG
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