Looking to balance out your exposure to IVVD? The ETFs below have the lowest correlation with IVVD — they tend to move on their own, which can help reduce risk when IVVD drops. The stock ideas table highlights individual companies that behave independently from IVVD.
Best Diversifiers for IVVD
10 ETFs have low correlation with IVVD (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.14 | 0.12 | — | 51 | Silver, Precious Metals | IVVD vs SLV | |
| abrdn Physical Silver Shares ETF | 0.14 | 0.12 | — | 51 | Silver, Precious Metals | IVVD vs SIVR | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.16 | 0.10 | 0.13 | 57 | Silver, Precious Metals | IVVD vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.17 | 0.12 | — | 55 | Silver, Commodity Producers Equities, Precious Metals | IVVD vs SILJ | |
| Themes Silver Miners ETF | 0.19 | 0.15 | 0.15 | 60 | Silver, Precious Metals | IVVD vs AGMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVVD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVVD and solid risk/return profiles. The least correlated is Mitsui Engineering & Shipbuilding Co Ltd ADR (MIESY) (Industrials) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui Engineering & Shipbuilding Co Ltd ADR | 0.01 | 0.01 | — | 87 | Industrials | |
| Seagate Technology plc | 0.08 | 0.11 | — | 99 | Technology | |
| Impala Platinum Holdings Ltd | 0.10 | 0.05 | — | 75 | Basic Materials | |
| Silvercorp Metals Inc. | 0.12 | 0.07 | 0.10 | 91 | Basic Materials | |
| Hecla Mining Company | 0.15 | 0.11 | 0.14 | 86 | Basic Materials |
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Build a portfolio that complements IVVD
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