Looking to diversify beyond DXJ? The ETFs below have historically moved differently from DXJ, 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 DXJ
515 ETFs have low correlation with DXJ (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.17 | — | 51 | Cryptocurrency | DXJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 69 | Derivative Income | DXJ vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.26 | — | — | 96 | Inflation-Protected Bonds | DXJ vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | DXJ vs RBIL | |
| Invesco DB Energy Fund | -0.23 | -0.04 | 0.08 | 66 | Oil & Gas | DXJ vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXJ, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.05 | 0.07 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.14 | 0.07 | 0.19 | 68 | Energy | |
| Cheniere Energy, Inc. | -0.13 | 0.05 | 0.16 | 53 | Energy | |
| RenaissanceRe Holdings Ltd. | -0.12 | 0.12 | 0.18 | 82 | Financial Services | |
| Devon Energy Corporation | -0.12 | 0.11 | 0.24 | 78 | Energy |
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