Looking to diversify beyond IXP? The ETFs below have historically moved differently from IXP, 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 IXP
467 ETFs have low correlation with IXP (below 0.3), 87 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | IXP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.33 | -0.31 | — | 51 | Cryptocurrency | IXP vs BITI | |
| ProShares UltraShort Yen | -0.26 | -0.11 | -0.11 | 59 | Leveraged Currency | IXP vs YCS | |
| Invesco DB Energy Fund | -0.25 | -0.07 | 0.04 | 66 | Oil & Gas | IXP vs DBE | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.23 | 0.05 | 0.21 | 60 | Energy Equities | IXP vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IXP, 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 United Parcel Service, Inc. (UPS) (Industrials) with a 1Y correlation of 0.22, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Parcel Service, Inc. | 0.22 | 0.27 | 0.38 | 77 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.26 | 0.40 | 0.48 | 83 | Technology | |
| Broadcom Inc. | 0.35 | 0.46 | 0.52 | 68 | Technology | |
| NVIDIA Corporation | 0.35 | 0.46 | 0.57 | 61 | Technology | |
| Apple Inc | 0.36 | 0.44 | 0.57 | 90 | Technology |
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