Looking to diversify beyond IYC? The ETFs below have the lowest correlation with IYC — 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 IYC.
Best Diversifiers for IYC
360 ETFs have low correlation with IYC (below 0.3), 73 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 | -0.38 | — | — | 53 | Inverse Equities | IYC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | IYC vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.36 | -0.36 | -0.40 | 57 | Cryptocurrency | IYC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IYC vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | IYC vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYC and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.01 | 0.14 | 0.24 | 53 | Industrials | |
| Berkshire Hathaway Inc. | 0.26 | 0.33 | 0.43 | 53 | Financial Services |
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