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
1935 ETFs have low correlation with IXC (below 0.3), 1293 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.30 | — | — | 51 | Global Bonds | IXC vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.09 | — | 72 | Municipal Bonds | IXC vs BSMW | |
| BNY Mellon Ultra Short Income ETF | -0.27 | -0.14 | — | 99 | Ultrashort Bond | IXC vs BKUI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.27 | -0.08 | -0.06 | 86 | Municipal Bonds | IXC vs RVNU | |
| Vanguard Short Duration Bond ETF Shares | -0.25 | — | — | 88 | Short-Term Bond | IXC vs VSDB |
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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 Shopify Inc. (SHOP) (Technology) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shopify Inc. | -0.18 | 0.04 | 0.10 | 52 | Technology | |
| General Electric Company | -0.18 | 0.06 | 0.26 | 78 | Industrials | |
| Amazon.com, Inc | -0.15 | 0.02 | 0.11 | 54 | Consumer Cyclical | |
| Howmet Aerospace Inc. | -0.15 | 0.09 | 0.29 | 87 | Industrials | |
| Alphabet Inc. Class A | -0.14 | 0.02 | 0.13 | 96 | Communication Services |
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