Looking to diversify beyond IEZ? The ETFs below have historically moved differently from IEZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IEZ
1603 ETFs have low correlation with IEZ (below 0.3), 192 of which are negatively correlated.
How candidates are selected| 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 | |
| Franklin Short Duration U.S. Government ETF | -0.15 | -0.09 | -0.07 | 95 | Mortgage Backed Securities | IEZ vs FTSD | |
| State Street Ultra Short Term Bond ETF | -0.14 | -0.08 | -0.04 | 99 | Ultrashort Bond | IEZ vs ULST | |
| Xtrackers US 0-1 Year Treasury ETF | -0.14 | — | — | 99 | Government Bonds, Ultrashort Bond | IEZ vs TRSY | |
| Dimensional California Municipal Bond ETF | -0.13 | -0.04 | -0.04 | 66 | Municipal Bonds | IEZ vs DFCA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.03 | 0.05 | 0.06 | 79 | Healthcare | |
| Cardinal Health, Inc. | -0.01 | 0.04 | 0.17 | 87 | Healthcare | |
| Lockheed Martin Corporation | 0.12 | 0.15 | 0.24 | 80 | Industrials | |
| American Express Company | 0.15 | 0.29 | 0.37 | 63 | Financial Services | |
| Micron Technology, Inc. | 0.17 | 0.27 | 0.26 | 99 | Technology |
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