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
494 ETFs have low correlation with DXJ (below 0.3), 87 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | -0.31 | — | — | 51 | Multistrategy | DXJ vs RSBY | |
| ProShares Short Bitcoin ETF | -0.29 | -0.16 | -0.19 | 57 | Cryptocurrency | DXJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DXJ vs SBIT | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.26 | — | — | 96 | Inflation-Protected Bonds | DXJ vs IBID | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | -0.22 | -0.22 | 68 | Inverse Equities, Leveraged Equities | DXJ vs MSTZ |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.14 | 0.05 | 0.16 | 53 | Industrials | |
| Altria Group, Inc. | -0.12 | -0.03 | 0.09 | 81 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.11 | 0.08 | 0.20 | 62 | Energy | |
| Verizon Communications Inc. | -0.11 | 0.02 | 0.10 | 57 | Communication Services | |
| Duke Energy Corporation | -0.09 | -0.04 | 0.04 | 66 | Utilities |
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Build a portfolio that complements DXJ
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