Looking to diversify beyond IXJ? The ETFs below have the lowest correlation with IXJ — 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 IXJ.
Best Diversifiers for IXJ
694 ETFs have low correlation with IXJ (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.17 | -0.15 | 63 | Leveraged Currency | IXJ vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.17 | -0.05 | 55 | Oil & Gas | IXJ vs UGA | |
| VanEck Commodity Strategy ETF | -0.20 | -0.08 | — | 57 | Commodities | IXJ vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | IXJ vs RBIL | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.18 | -0.07 | — | 50 | Commodities | IXJ vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IXJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IXJ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.12 | 0.26 | 72 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.17 | 0.24 | 93 | Technology | |
| Amazon.com, Inc | 0.11 | 0.19 | 0.30 | 54 | Consumer Cyclical | |
| TC Energy Corporation | 0.13 | 0.26 | 0.32 | 95 | Energy | |
| Sprott Physical Gold Trust | 0.21 | 0.15 | 0.15 | 61 | Financial Services |
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