Looking to diversify beyond IEZ? The ETFs below have the lowest correlation with IEZ — 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 IEZ.
Best Diversifiers for IEZ
1590 ETFs have low correlation with IEZ (below 0.3), 265 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.20 | — | — | 99 | Ultrashort Bond | IEZ vs WEEK | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.18 | -0.03 | -0.06 | 67 | Municipal Bonds | IEZ vs BSMW | |
| Franklin Short Duration U.S. Government ETF | -0.16 | -0.08 | -0.06 | 95 | Mortgage Backed Securities | IEZ vs FTSD | |
| State Street Ultra Short Term Bond ETF | -0.16 | -0.07 | -0.02 | 99 | Ultrashort Bond | IEZ vs ULST | |
| J P Morgan Exchange-Traded Fund Trust - Limited Du... | -0.15 | — | — | 91 | Short-Term Bond | IEZ vs JPLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEZ and solid risk/return profiles. The least correlated is Cardinal Health, Inc. (CAH) (Healthcare) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cardinal Health, Inc. | -0.03 | 0.04 | 0.19 | 68 | Healthcare | |
| Eli Lilly and Company | -0.00 | 0.04 | 0.06 | 72 | Healthcare | |
| The Goldman Sachs Group, Inc. | 0.14 | 0.32 | 0.40 | 90 | Financial Services | |
| Micron Technology, Inc. | 0.15 | 0.26 | 0.26 | 99 | Technology | |
| Lam Research Corporation | 0.20 | 0.25 | 0.28 | 98 | Technology |
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