Looking to diversify beyond DXJS? The ETFs below have the lowest correlation with DXJS — 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 DXJS.
Best Diversifiers for DXJS
563 ETFs have low correlation with DXJS (below 0.3), 65 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | DXJS vs RSBY | |
| ProShares Short Bitcoin ETF | -0.24 | -0.15 | -0.16 | 57 | Cryptocurrency | DXJS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DXJS vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.21 | -0.04 | -0.09 | 51 | Currency | DXJS vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | -0.15 | -0.15 | 60 | Inverse Equities | DXJS vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXJS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXJS and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.21, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.21 | 0.21 | 0.20 | 80 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.35 | 0.32 | 0.34 | 92 | Industrials |
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