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38 Stocks and 62 ETFs for diversifying Iris Energy (IREN)

The least correlated asset to Iris Energy (IREN) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with IREN

SymbolName
Market cap
SectorIndustry
Correlation
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.81
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.66
PCLNPriceline.com Inc$906MN/AN/A-0.66
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.64
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.61
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.57
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.55
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.54
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.54
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.51
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.50
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.50
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.48
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.48
LMNXLuminex Corp$620MN/AN/A-0.48
TVAIThayer Ventures Acquisition Corporation II$208MFinancial ServicesShell Companies-0.48
GIWGigInternational1 Inc$138MFinancial ServicesShell Companies-0.47
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.46
SIShoulder Innovations Inc$452MN/AN/A-0.46
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.45
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.45
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.45
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.45
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.44
PGRProgressive Corp$120BFinancial ServicesInsurance - Property & Casualty-0.41
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.40
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.39
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.39
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.39
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.38
UCFICN Healthy Food Tech Group Corp$288MConsumer DefensivePackaged Foods-0.38
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.38
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-0.38
KVUEKenvue Inc$36BConsumer DefensiveHousehold & Personal Products-0.37
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.36
BMHLBluemount Holdings Ltd$146MFinancial ServicesCapital Markets-0.35
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.35
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.35

ETFs that lowly correlated with IREN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.87
GLDWROUNDHILL GOLD WEEKLYPAY ETF $17MN/AOct 29, 2025-0.68
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.65
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.64
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.62
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.62
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.61
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.60
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.59
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.57
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.57
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.57
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.56
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.55
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.54
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.54
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.54
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.52
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.52
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.52
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.52
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.52
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.49
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.49
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.49
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.47
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.47
GEVXTradr 2X Long GEV Daily ETF$52MN/AJul 10, 2025-0.47
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.45
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.45
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.45
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.45
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.44
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.44
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.44
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.44
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.44
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.43
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.43
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.42
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.41
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.41
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.40
CCORCORE ALTERNATIVE ETF $27M1.29%May 23, 2017-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.40
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.39
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.39
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.39
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.39
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.39
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.37
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.37
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.37
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.37
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.36
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.36
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.36