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
399 ETFs have low correlation with IYJ (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.29 | — | — | 98 | Inflation-Protected Bonds | IYJ vs RBIL | |
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.10 | 71 | Oil & Gas | IYJ vs DBE | |
| United States Oil Fund LP | -0.27 | -0.04 | 0.09 | 66 | Oil & Gas | IYJ vs USO | |
| United States Gasoline Fund LP | -0.27 | -0.05 | 0.08 | 71 | Oil & Gas | IYJ vs UGA | |
| United States Brent Oil Fund LP | -0.26 | -0.04 | 0.09 | 65 | Oil & Gas | IYJ vs BNO |
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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 Canadian Pacific Railway Limited (CP) (Industrials) with a 1Y correlation of 0.54, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Pacific Railway Limited | 0.54 | 0.57 | 0.61 | 54 | Industrials |
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