Looking to diversify beyond IXN? The ETFs below have the lowest correlation with IXN — 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 IXN.
Best Diversifiers for IXN
506 ETFs have low correlation with IXN (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | -0.37 | 57 | Cryptocurrency | IXN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IXN vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.44 | -0.44 | 60 | Inverse Equities | IXN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | IXN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | IXN vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IXN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IXN and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.42, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.42 | -0.10 | 0.11 | 53 | Industrials | |
| Duke Energy Corporation | -0.38 | -0.23 | -0.06 | 66 | Utilities | |
| Chubb Limited | -0.33 | -0.10 | 0.08 | 86 | Financial Services | |
| Colgate-Palmolive Company | -0.31 | -0.17 | -0.01 | 53 | Consumer Defensive | |
| The Coca-Cola Company | -0.31 | -0.14 | 0.07 | 83 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IXN
Add IXN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IXN