Looking to diversify beyond IXC? The ETFs below have historically moved differently from IXC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IXC
2107 ETFs have low correlation with IXC (below 0.3), 1472 of which are negatively correlated. The least correlated is Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) (Municipal Bonds) with a 1Y correlation of -0.30, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.30 | -0.08 | -0.06 | 82 | Municipal Bonds | IXC vs FLMI | |
| Fidelity Municipal Bond Opportunities ETF | -0.30 | — | — | 76 | Municipal Bonds | IXC vs FMUB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.30 | -0.10 | — | 65 | Municipal Bonds | IXC vs BSMW | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.30 | -0.09 | -0.06 | 77 | Municipal Bonds | IXC vs RVNU | |
| Avantis Short-Term Fixed Income ETF | -0.29 | -0.09 | -0.05 | 72 | Short-Term Bond | IXC vs AVSF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IXC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.18, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.18 | 0.05 | 0.24 | 74 | Industrials | |
| Alphabet Inc. Class A | -0.18 | 0.00 | 0.11 | 95 | Communication Services | |
| Monster Beverage Corporation | -0.17 | 0.01 | 0.06 | 94 | Consumer Defensive | |
| The Bank of Nova Scotia | -0.17 | 0.13 | 0.33 | 97 | Financial Services | |
| Amazon.com, Inc | -0.16 | 0.01 | 0.10 | 60 | Consumer Cyclical |
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