Looking to diversify beyond IJAN? The ETFs below have the lowest correlation with IJAN — 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 IJAN.
Best Diversifiers for IJAN
212 ETFs have low correlation with IJAN (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.22 | 75 | Leveraged Currency | IJAN vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.35 | -0.35 | 60 | Inverse Equities, Leveraged Equities | IJAN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.36 | -0.36 | 53 | Inverse Equities | IJAN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | IJAN vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.06 | 0.07 | 72 | Oil & Gas | IJAN vs UGA |
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