Looking to diversify beyond IYJ? The ETFs below have the lowest correlation with IYJ — 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 IYJ.
Best Diversifiers for IYJ
336 ETFs have low correlation with IYJ (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.30 | -0.33 | 57 | Cryptocurrency | IYJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IYJ vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | IYJ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | IYJ vs MSTZ | |
| Invesco DB Energy Fund | -0.29 | -0.10 | 0.08 | 53 | Oil & Gas | IYJ vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYJ and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.28, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.28 | 0.45 | 0.55 | 53 | Financial Services | |
| Canadian Pacific Kansas City Limited | 0.52 | 0.55 | 0.60 | 61 | Industrials |
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