Looking to diversify beyond DJP? The ETFs below have the lowest correlation with DJP — 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 DJP.
Best Diversifiers for DJP
2029 ETFs have low correlation with DJP (below 0.3), 1645 of which are negatively correlated. The least correlated is iShares Yield Optimized Bond ETF (BYLD) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.29, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Yield Optimized Bond ETF | -0.29 | -0.03 | 0.03 | 52 | Intermediate Core-Plus Bond | DJP vs BYLD | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.29 | -0.05 | — | 56 | Corporate Bonds | DJP vs LQDW | |
| Avantis Credit ETF | -0.27 | — | — | 50 | Global Bonds | DJP vs AVGB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.26 | 0.01 | — | 66 | Emerging Markets Bonds | DJP vs BEMB | |
| Vanguard Emerging Markets Government Bond ETF | -0.26 | 0.02 | 0.08 | 61 | Emerging Markets Bonds | DJP vs VWOB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DJP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DJP and solid risk/return profiles. The least correlated is BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.16, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.16 | 0.32 | 0.40 | 93 | Basic Materials | |
| Wheaton Precious Metals Corp. | 0.18 | 0.31 | 0.32 | 64 | Basic Materials |
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