Looking to diversify beyond IJH? The ETFs below have the lowest correlation with IJH — 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 IJH.
Best Diversifiers for IJH
309 ETFs have low correlation with IJH (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | -0.38 | 57 | Cryptocurrency | IJH vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IJH vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | IJH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | IJH vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | IJH vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IJH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IJH and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.05 | 0.19 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.12 | 0.08 | 0.23 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | 0.08 | 0.17 | 66 | Utilities | |
| Exxon Mobil Corporation | -0.08 | 0.18 | 0.31 | 75 | Energy | |
| Waste Management, Inc. | -0.07 | 0.14 | 0.26 | 53 | Industrials |
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