Looking to diversify beyond IJS? The ETFs below have historically moved differently from IJS, 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 IJS
361 ETFs have low correlation with IJS (below 0.3), 55 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 52 | Inverse Equities | IJS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | IJS vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | — | 61 | Cryptocurrency | IJS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IJS vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.12 | — | 56 | Options Trading | IJS vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IJS, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.10 | 0.23 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.10 | 0.18 | 0.31 | 80 | Energy | |
| The Coca-Cola Company | -0.06 | 0.12 | 0.23 | 90 | Consumer Defensive | |
| Philip Morris International Inc. | -0.06 | 0.12 | 0.23 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.05 | 0.21 | 0.35 | 70 | Energy |
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