Looking to diversify beyond IJJ? The ETFs below have the lowest correlation with IJJ — 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 IJJ.
Best Diversifiers for IJJ
321 ETFs have low correlation with IJJ (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.32 | -0.35 | 57 | Cryptocurrency | IJJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IJJ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | IJJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 60 | Inverse Equities | IJJ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | IJJ vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IJJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IJJ and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.14 | 0.17 | 0.19 | 80 | Healthcare | |
| PriceSmart, Inc. | 0.44 | 0.51 | 0.56 | 96 | Consumer Defensive | |
| Powell Industries, Inc. | 0.46 | 0.44 | 0.46 | 96 | Industrials |
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