Looking to diversify beyond EZJ? The ETFs below have the lowest correlation with EZJ — 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 EZJ.
Best Diversifiers for EZJ
376 ETFs have low correlation with EZJ (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.25 | -0.26 | 61 | Leveraged Currency | EZJ vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.06 | 0.06 | 71 | Oil & Gas | EZJ vs DBE | |
| United States Oil Fund LP | -0.28 | -0.05 | 0.07 | 66 | Oil & Gas | EZJ vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.05 | 0.07 | 65 | Oil & Gas | EZJ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | EZJ vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EZJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EZJ and solid risk/return profiles. The least correlated is Edwards Lifesciences Corporation (EW) (Healthcare) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Edwards Lifesciences Corporation | 0.26 | 0.27 | 0.35 | 54 | Healthcare |
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