Looking to diversify beyond IYM? The ETFs below have the lowest correlation with IYM — 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 IYM.
Best Diversifiers for IYM
312 ETFs have low correlation with IYM (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.12 | -0.08 | 61 | Leveraged Currency | IYM vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | IYM vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | IYM vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | IYM vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | IYM vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYM and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of 0.07, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | 0.07 | 0.25 | 0.38 | 52 | Energy |
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