Looking to diversify beyond DFJ? The ETFs below have the lowest correlation with DFJ — 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 DFJ.
Best Diversifiers for DFJ
650 ETFs have low correlation with DFJ (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.40 | -0.44 | 51 | Currency | DFJ vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.37 | -0.36 | 72 | Leveraged Currency | DFJ vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.10 | 0.04 | 53 | Oil & Gas | DFJ vs DBE | |
| United States Gasoline Fund LP | -0.21 | -0.07 | 0.05 | 78 | Oil & Gas | DFJ vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.02 | 0.10 | 51 | Commodities | DFJ vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFJ and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.08 | 0.17 | 70 | Energy | |
| TotalEnergies SE | -0.02 | 0.12 | 0.15 | 81 | Energy | |
| China Shenhua Energy Co Ltd | 0.04 | 0.13 | 0.16 | 77 | Energy | |
| The Coca-Cola Company | 0.10 | 0.16 | 0.22 | 83 | Consumer Defensive | |
| Advanced Micro Devices, Inc. | 0.10 | 0.22 | 0.31 | 97 | Technology |
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