Looking to balance out your exposure to ITUB? The ETFs below have the lowest correlation with ITUB — they tend to move on their own, which can help reduce risk when ITUB drops. The stock ideas table highlights individual companies that behave independently from ITUB.
Best Diversifiers for ITUB
0 ETFs have low correlation with ITUB (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.35, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.35 | 0.25 | 0.23 | 94 | Semiconductors, Technology Equities | ITUB vs SMH | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.35 | 0.36 | 0.40 | 54 | Natural Resources | ITUB vs GUNR | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.37 | 0.33 | 59 | S&P 500 | ITUB vs SPY | |
| Vanguard S&P 500 ETF | 0.47 | 0.37 | 0.34 | 59 | S&P 500 | ITUB vs VOO | |
| Global X FTSE Southeast Asia ETF | 0.48 | 0.41 | 0.37 | 65 | Asia Pacific Equities | ITUB vs ASEA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ITUB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ITUB and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.00 | 0.15 | 72 | Energy | |
| Altria Group, Inc. | -0.02 | 0.09 | 0.15 | 72 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.00 | 0.11 | 0.20 | 85 | Energy | |
| Walmart Inc. | 0.03 | 0.08 | 0.07 | 69 | Consumer Defensive | |
| Suncor Energy Inc. | 0.04 | 0.10 | 0.19 | 85 | Energy |
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