Looking to balance out your exposure to IX? The ETFs below have the lowest correlation with IX — they tend to move on their own, which can help reduce risk when IX drops. The stock ideas table highlights individual companies that behave independently from IX.
Best Diversifiers for IX
1 ETFs have low correlation with IX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.15, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | 0.06 | 0.16 | 76 | Commodities | IX vs PDBC | |
| Vanguard S&P 500 ETF | 0.45 | 0.46 | 0.49 | 74 | S&P 500 | IX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.46 | 0.49 | 74 | S&P 500 | IX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IX and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.04, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.04 | -0.06 | 0.06 | 71 | Financial Services | |
| Tsakos Energy Navigation Ltd | 0.03 | 0.10 | 0.14 | 94 | Energy | |
| Monster Beverage Corporation | 0.08 | 0.11 | 0.20 | 80 | Consumer Defensive | |
| National HealthCare Corporation | 0.11 | 0.19 | 0.22 | 92 | Healthcare | |
| Navigator Holdings Ltd. | 0.11 | 0.14 | 0.21 | 87 | Energy |
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