Looking to diversify beyond IXC? The ETFs below have the lowest correlation with IXC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IXC.
Best Diversifiers for IXC
1987 ETFs have low correlation with IXC (below 0.3), 1273 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.31, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.31 | -0.09 | -0.11 | 67 | Municipal Bonds | IXC vs BSMW | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.12 | — | 99 | Ultrashort Bond | IXC vs BKUI | |
| Avantis Credit ETF | -0.27 | — | — | 53 | Global Bonds | IXC vs AVGB | |
| Vanguard Short Duration Bond ETF Shares | -0.25 | — | — | 86 | Short-Term Bond | IXC vs VSDB | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.24 | -0.05 | -0.06 | 65 | Short-Term Bond | IXC vs SHAG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IXC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IXC and solid risk/return profiles. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of -0.11, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | -0.11 | 0.06 | 0.17 | 78 | Consumer Cyclical | |
| Broadcom Inc. | -0.11 | 0.04 | 0.16 | 84 | Technology | |
| NVIDIA Corporation | -0.10 | 0.02 | 0.13 | 78 | Technology | |
| Monster Beverage Corporation | -0.10 | 0.05 | 0.09 | 79 | Consumer Defensive | |
| Amazon.com, Inc | -0.10 | 0.03 | 0.09 | 60 | Consumer Cyclical |
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