Looking to diversify beyond DXJ? The ETFs below have the lowest correlation with DXJ — 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 DXJ.
Best Diversifiers for DXJ
514 ETFs have low correlation with DXJ (below 0.3), 110 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.24 | — | — | 96 | Inflation-Protected Bonds | DXJ vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | -0.18 | -0.18 | 98 | Inflation-Protected Bonds | DXJ vs RBIL | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.11 | 71 | Oil & Gas | DXJ vs DBE | |
| United States Brent Oil Fund LP | -0.19 | -0.00 | 0.10 | 65 | Oil & Gas | DXJ vs BNO | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.19 | -0.09 | -0.07 | 80 | Inflation-Protected Bonds | DXJ vs STPZ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXJ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.00 | 0.11 | 67 | Consumer Defensive | |
| ConocoPhillips Company | -0.06 | 0.10 | 0.22 | 76 | Energy | |
| Duke Energy Corporation | -0.03 | -0.01 | 0.06 | 52 | Utilities | |
| Cboe Global Markets, Inc. | -0.02 | -0.05 | 0.11 | 63 | Financial Services | |
| AbbVie Inc. | -0.02 | 0.09 | 0.14 | 62 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DXJ
Add DXJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DXJ