Looking to diversify beyond IXP? The ETFs below have the lowest correlation with IXP — 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 IXP.
Best Diversifiers for IXP
427 ETFs have low correlation with IXP (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.10 | 61 | Leveraged Currency | IXP vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.05 | 0.06 | 71 | Oil & Gas | IXP vs DBE | |
| United States Oil Fund LP | -0.27 | -0.04 | 0.05 | 66 | Oil & Gas | IXP vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.04 | 0.05 | 65 | Oil & Gas | IXP vs BNO | |
| United States Gasoline Fund LP | -0.25 | -0.04 | 0.06 | 69 | Oil & Gas | IXP vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IXP and solid risk/return profiles. The least correlated is United Parcel Service, Inc. (UPS) (Industrials) with a 1Y correlation of 0.27, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Parcel Service, Inc. | 0.27 | 0.28 | 0.39 | 57 | Industrials | |
| NVIDIA Corporation | 0.32 | 0.48 | 0.57 | 78 | Technology | |
| Apple Inc | 0.35 | 0.45 | 0.58 | 89 | Technology | |
| Broadcom Inc. | 0.37 | 0.46 | 0.53 | 84 | Technology | |
| Alphabet Inc. Class A | 0.69 | 0.74 | 0.79 | 96 | Communication Services |
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