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
1976 ETFs have low correlation with IYK (below 0.3), 739 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.35, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.35 | -0.20 | 0.01 | 89 | Leveraged Equities, Semiconductors | IYK vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.34 | — | — | 70 | Technology Equities | IYK vs FAI | |
| Pacer Data and Digital Revolution ETF | -0.31 | -0.13 | — | 85 | Technology Equities | IYK vs TRFK | |
| Columbia Select Technology ETF | -0.30 | -0.11 | — | 81 | Semiconductors, Technology Equities | IYK vs SEMI | |
| iShares U.S. Technology ETF | -0.30 | -0.11 | 0.10 | 70 | Technology Equities | IYK vs IYW |
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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 -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SkyWater Technology, Inc. | -0.12 | -0.06 | 0.03 | 95 | Technology | |
| Alphabet Inc. Class A | -0.06 | -0.03 | 0.13 | 96 | Communication Services | |
| Lithium Americas Corp. | -0.05 | 0.02 | 0.02 | 68 | Basic Materials | |
| Kinross Gold Corporation | 0.08 | 0.09 | 0.17 | 76 | Basic Materials | |
| RTX Corporation | 0.13 | 0.21 | 0.34 | 70 | Industrials |
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