Looking to balance out your exposure to CAJPY? The ETFs below have the lowest correlation with CAJPY — they tend to move on their own, which can help reduce risk when CAJPY drops. The stock ideas table highlights individual companies that behave independently from CAJPY.
Best Diversifiers for CAJPY
1 ETFs have low correlation with CAJPY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.27, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.28 | 0.35 | 83 | Dividend | CAJPY vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.40 | 0.41 | 66 | S&P 500 | CAJPY vs SPY | |
| Vanguard Total World Stock ETF | 0.51 | 0.49 | 0.48 | 60 | Global Equities | CAJPY vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAJPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAJPY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.11, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.11 | 0.12 | 0.18 | 68 | Consumer Defensive | |
| Apple Inc | 0.23 | 0.24 | 0.29 | 89 | Technology | |
| Nikon Corp | 0.26 | 0.25 | 0.31 | 55 | Consumer Cyclical |
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