Looking to balance out your exposure to ITRN? The ETFs below have the lowest correlation with ITRN — they tend to move on their own, which can help reduce risk when ITRN drops. The stock ideas table highlights individual companies that behave independently from ITRN.
Best Diversifiers for ITRN
12 ETFs have low correlation with ITRN (below 0.3), 8 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.17 | 0.01 | 0.08 | 71 | Commodities | ITRN vs COMT | |
| VanEck Commodity Strategy ETF | -0.08 | 0.03 | — | 87 | Commodities | ITRN vs PIT | |
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.10 | 0.17 | 63 | Energy Equities | ITRN vs XLE | |
| iShares Global Energy ETF | -0.04 | 0.12 | 0.18 | 76 | Energy Equities | ITRN vs IXC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.02 | 0.06 | 0.06 | 87 | Commodities | ITRN vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ITRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ITRN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.03 | 0.05 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.02 | 0.11 | 85 | Energy | |
| CF Industries Holdings, Inc. | -0.14 | 0.02 | 0.09 | 60 | Basic Materials | |
| EOG Resources, Inc. | -0.09 | 0.07 | 0.14 | 69 | Energy | |
| Matador Resources Company | -0.08 | 0.11 | 0.17 | 59 | Energy |
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