Looking to diversify beyond IYK? The ETFs below have the lowest correlation with IYK — 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 IYK.
Best Diversifiers for IYK
1950 ETFs have low correlation with IYK (below 0.3), 986 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Bloomberg Artificial Intelligence ETF | -0.39 | — | — | 62 | Technology Equities | IYK vs FAI | |
| ProShares Ultra Semiconductors | -0.39 | -0.22 | -0.01 | 78 | Leveraged Equities, Semiconductors | IYK vs USD | |
| Pacer Data and Digital Revolution ETF | -0.38 | -0.17 | — | 72 | Technology Equities | IYK vs TRFK | |
| Columbia Select Technology ETF | -0.37 | -0.14 | — | 68 | Semiconductors, Technology Equities | IYK vs SEMI | |
| ProShares Ultra Technology | -0.36 | -0.13 | 0.10 | 62 | Leveraged Equities | IYK vs ROM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYK and solid risk/return profiles. The least correlated is SkyWater Technology, Inc. (SKYT) (Technology) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SkyWater Technology, Inc. | -0.13 | -0.06 | 0.03 | 93 | Technology | |
| Alphabet Inc. Class A | -0.06 | -0.01 | 0.12 | 96 | Communication Services | |
| Kinross Gold Corporation | 0.09 | 0.08 | 0.17 | 74 | Basic Materials | |
| RTX Corporation | 0.14 | 0.22 | 0.34 | 80 | Industrials | |
| Lockheed Martin Corporation | 0.16 | 0.32 | 0.36 | 60 | Industrials |
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