Looking to diversify beyond IOZ.AX? The ETFs below have the lowest correlation with IOZ.AX — 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 IOZ.AX.
Best Diversifiers for IOZ.AX
2 ETFs have low correlation with IOZ.AX (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Core Cash ETF (BILL.AX) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Cash ETF | -0.04 | -0.02 | -0.04 | 98 | Money Market | IOZ.AX vs BILL.AX | |
| iShares Enhanced Cash ETF | -0.03 | 0.00 | 0.01 | 97 | Money Market | IOZ.AX vs ISEC.AX | |
| iShares Core FTSE Global Infrastructure (AUD Hedge... | 0.36 | 0.40 | — | 67 | Global Equities | IOZ.AX vs GLIN.AX | |
| iShares JP Morgan USD Emerging Markets Bond (AUD H... | 0.37 | 0.40 | 0.39 | 51 | Total Bond Market | IOZ.AX vs IHEB.AX | |
| iShares MSCI South Korea ETF (AU) | 0.43 | 0.41 | 0.45 | 87 | Global Equities | IOZ.AX vs IKO.AX |
See all 12 diversifiers for IOZ.AX
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