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
365 ETFs have low correlation with IYM (below 0.3), 23 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 53 | Inverse Equities | IYM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 60 | Inverse Equities, Leveraged Equities | IYM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 65 | Derivative Income | IYM vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 51 | Multistrategy | IYM vs RSBY | |
| United States Gasoline Fund LP | -0.18 | 0.00 | 0.15 | 72 | Oil & Gas | IYM vs UGA |
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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 0.05, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | 0.05 | 0.24 | 0.37 | 60 | Energy |
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