Looking to diversify beyond IYM? The ETFs below have historically moved differently from IYM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IYM
421 ETFs have low correlation with IYM (below 0.3), 31 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 -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.25 | — | 61 | Cryptocurrency | IYM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IYM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | IYM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | IYM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | IYM vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of 0.01, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | 0.01 | 0.20 | 0.35 | 72 | Energy | |
| Berkshire Hathaway Inc. | 0.15 | 0.37 | 0.52 | 61 | Financial Services |
Build a portfolio that complements IYM
Add IYM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IYM