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
298 ETFs have low correlation with IYJ (below 0.3), 38 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.29 | -0.07 | 0.07 | 55 | Oil & Gas | IYJ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.27 | — | — | 97 | Inflation-Protected Bonds | IYJ vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | IYJ vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.20 | — | — | 95 | Inflation-Protected Bonds | IYJ vs IBID | |
| ProShares UltraShort Yen | -0.20 | -0.05 | -0.03 | 63 | Leveraged Currency | IYJ vs YCS |
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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 Kansas City Limited (CP) (Industrials) with a 1Y correlation of 0.52, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Pacific Kansas City Limited | 0.52 | 0.56 | 0.60 | 51 | Industrials |
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