Looking to balance out your exposure to ITRI? The ETFs below have the lowest correlation with ITRI — they tend to move on their own, which can help reduce risk when ITRI drops. The stock ideas table highlights individual companies that behave independently from ITRI.
Best Diversifiers for ITRI
0 ETFs have low correlation with ITRI (below 0.3), 0 of which are negatively correlated. The least correlated is Global X US Infrastructure Development ETF (PAVE) (Industrials Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X US Infrastructure Development ETF | 0.56 | 0.62 | 0.65 | 64 | Industrials Equities | ITRI vs PAVE | |
| Vanguard S&P 500 ETF | 0.57 | 0.57 | 0.62 | 60 | S&P 500 | ITRI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ITRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ITRI and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.04 | 0.11 | 0.16 | 91 | Energy | |
| Exxon Mobil Corporation | -0.03 | 0.11 | 0.19 | 74 | Energy | |
| United Therapeutics Corporation | 0.09 | 0.14 | 0.17 | 94 | Healthcare | |
| Fortinet, Inc. | 0.10 | 0.25 | 0.35 | 67 | Technology | |
| Pampa Energía S.A. | 0.11 | 0.22 | 0.24 | 50 | Utilities |
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