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
413 ETFs have low correlation with DXJ (below 0.3), 60 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 | -0.26 | — | — | 95 | Inflation-Protected Bonds | DXJ vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | DXJ vs RBIL | |
| United States Gasoline Fund LP | -0.16 | -0.02 | 0.09 | 55 | Oil & Gas | DXJ vs UGA | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.14 | -0.07 | -0.07 | 60 | Inflation-Protected Bonds | DXJ vs STPZ | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | -0.14 | -0.06 | -0.05 | 81 | Inflation-Protected Bonds | DXJ vs PBTP |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | -0.01 | 0.10 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | 0.04 | 0.12 | 66 | Communication Services | |
| RenaissanceRe Holdings Ltd. | -0.07 | 0.11 | 0.18 | 75 | Financial Services | |
| Cboe Global Markets, Inc. | -0.06 | -0.06 | 0.10 | 55 | Financial Services | |
| ConocoPhillips Company | -0.05 | 0.09 | 0.21 | 65 | Energy |
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Build a portfolio that complements DXJ
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