Looking to diversify beyond IYK? The ETFs below have historically moved differently from IYK, 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 IYK
2048 ETFs have low correlation with IYK (below 0.3), 1014 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.42, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.42 | -0.23 | -0.03 | 52 | Leveraged Equities, Semiconductors | IYK vs USD | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.40 | -0.16 | — | 59 | Artificial Intelligence, Technology Equities | IYK vs WTAI | |
| Columbia Select Technology ETF | -0.39 | -0.15 | — | 54 | Semiconductors, Technology Equities | IYK vs SEMI | |
| State Street Technology Select Sector SPDR ETF | -0.39 | -0.14 | 0.09 | 55 | Technology Equities | IYK vs XLK | |
| Vanguard Information Technology ETF | -0.38 | -0.14 | 0.09 | 52 | Technology Equities | IYK vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYK, 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 SkyWater Technology, Inc. (SKYT) (Technology) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SkyWater Technology, Inc. | -0.16 | -0.07 | 0.03 | 96 | Technology | |
| Alphabet Inc. Class A | -0.04 | -0.01 | 0.12 | 95 | Communication Services | |
| Kinross Gold Corporation | 0.02 | 0.08 | 0.16 | 69 | Basic Materials | |
| RTX Corporation | 0.14 | 0.22 | 0.34 | 82 | Industrials | |
| Lockheed Martin Corporation | 0.17 | 0.32 | 0.36 | 80 | Industrials |
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