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
429 ETFs have low correlation with IXP (below 0.3), 74 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 56 | Inverse Equities | IXP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 65 | Inverse Equities, Leveraged Equities | IXP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | IXP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.34 | -0.32 | -0.34 | 53 | Cryptocurrency | IXP vs BITI | |
| ProShares UltraShort Yen | -0.26 | -0.11 | -0.10 | 72 | Leveraged Currency | IXP vs YCS |
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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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.25, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.25 | 0.40 | 0.48 | 83 | Technology | |
| United Parcel Service, Inc. | 0.26 | 0.29 | 0.39 | 65 | Industrials | |
| NVIDIA Corporation | 0.35 | 0.47 | 0.58 | 70 | Technology | |
| Apple Inc | 0.36 | 0.45 | 0.58 | 91 | Technology | |
| Broadcom Inc. | 0.37 | 0.47 | 0.53 | 72 | Technology |
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