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
885 ETFs have low correlation with IXJ (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.18 | -0.15 | 72 | Leveraged Currency | IXJ vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.18 | -0.05 | 78 | Oil & Gas | IXJ vs UGA | |
| Invesco DB Energy Fund | -0.33 | -0.20 | -0.05 | 53 | Oil & Gas | IXJ vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.27 | -0.32 | 51 | Currency | IXJ vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.14 | -0.01 | 51 | Commodities | IXJ vs GSG |
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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 -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.10 | 0.25 | 65 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.04 | 0.15 | 0.23 | 92 | Technology | |
| Amazon.com, Inc | 0.11 | 0.19 | 0.31 | 54 | Consumer Cyclical | |
| Tesla, Inc. | 0.12 | 0.15 | 0.22 | 63 | Consumer Cyclical | |
| TC Energy Corporation | 0.15 | 0.26 | 0.32 | 95 | Energy |
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