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
1480 ETFs have low correlation with IEZ (below 0.3), 242 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.22 | — | — | 99 | Ultrashort Bond | IEZ vs WEEK | |
| Franklin Short Duration U.S. Government ETF | -0.15 | -0.09 | -0.06 | 96 | Mortgage Backed Securities | IEZ vs FTSD | |
| ProShares Short Bitcoin ETF | -0.14 | -0.14 | -0.19 | 53 | Cryptocurrency | IEZ vs BITI | |
| Xtrackers US 0-1 Year Treasury ETF | -0.14 | — | — | 99 | Government Bonds, Ultrashort Bond | IEZ vs TRSY | |
| State Street Ultra Short Term Bond ETF | -0.14 | -0.07 | -0.03 | 99 | Ultrashort Bond | IEZ vs ULST |
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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 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cardinal Health, Inc. | -0.03 | 0.04 | 0.18 | 84 | Healthcare | |
| Eli Lilly and Company | 0.00 | 0.05 | 0.07 | 78 | Healthcare | |
| Lockheed Martin Corporation | 0.10 | 0.15 | 0.24 | 56 | Industrials | |
| Micron Technology, Inc. | 0.15 | 0.26 | 0.26 | 99 | Technology | |
| The Goldman Sachs Group, Inc. | 0.17 | 0.29 | 0.38 | 90 | Financial Services |
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