Looking to diversify beyond IXJ? The ETFs below have historically moved differently from IXJ, 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 IXJ
1070 ETFs have low correlation with IXJ (below 0.3), 88 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.36 | -0.21 | -0.08 | 52 | Oil & Gas | IXJ vs BNO | |
| United States Oil Fund LP | -0.34 | -0.20 | -0.07 | 55 | Oil & Gas | IXJ vs USO | |
| Invesco DB Energy Fund | -0.34 | -0.21 | -0.06 | 72 | Oil & Gas | IXJ vs DBE | |
| United States Gasoline Fund, LP | -0.34 | -0.18 | -0.06 | 87 | Oil & Gas | IXJ vs UGA | |
| Invesco DB Oil Fund | -0.33 | -0.20 | -0.07 | 58 | Oil & Gas | IXJ vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IXJ, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.09 | 0.24 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.03 | 0.15 | 0.23 | 87 | Technology | |
| Amazon.com, Inc | 0.13 | 0.17 | 0.26 | 60 | Consumer Cyclical | |
| Enbridge Inc. | 0.14 | 0.30 | 0.36 | 85 | Energy | |
| TC Energy Corporation | 0.14 | 0.26 | 0.32 | 95 | Energy |
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