Looking to diversify beyond DFJ? The ETFs below have historically moved differently from DFJ, 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 DFJ
596 ETFs have low correlation with DFJ (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.36 | -0.37 | 56 | Leveraged Currency | DFJ vs YCS | |
| United States Brent Oil Fund LP | -0.28 | -0.09 | 0.04 | 52 | Oil & Gas | DFJ vs BNO | |
| Invesco DB Energy Fund | -0.28 | -0.11 | 0.03 | 72 | Oil & Gas | DFJ vs DBE | |
| United States Oil Fund LP | -0.27 | -0.10 | 0.04 | 55 | Oil & Gas | DFJ vs USO | |
| Invesco DB Oil Fund | -0.23 | -0.08 | 0.05 | 58 | Oil & Gas | DFJ vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFJ, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.09 | 0.07 | 0.16 | 80 | Energy | |
| TotalEnergies SE | -0.04 | 0.10 | 0.14 | 91 | Energy | |
| China Shenhua Energy Co Ltd | 0.00 | 0.12 | 0.15 | 74 | Energy | |
| The Coca-Cola Company | 0.07 | 0.15 | 0.21 | 90 | Consumer Defensive | |
| Johnson & Johnson | 0.12 | 0.15 | 0.17 | 97 | Healthcare |
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