Looking to diversify beyond IYR? The ETFs below have the lowest correlation with IYR — 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 IYR.
Best Diversifiers for IYR
1211 ETFs have low correlation with IYR (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.27 | -0.19 | 72 | Leveraged Currency | IYR vs YCS | |
| Invesco DB Energy Fund | -0.17 | -0.12 | 0.01 | 57 | Oil & Gas | IYR vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.17 | -0.14 | -0.14 | 65 | Inverse Equities, Leveraged Equities | IYR vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.17 | -0.18 | -0.23 | 53 | Cryptocurrency | IYR vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.16 | -0.15 | -0.15 | 56 | Inverse Equities | IYR vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | 0.03 | 0.23 | 70 | Technology | |
| Apple Inc | 0.18 | 0.24 | 0.39 | 91 | Technology | |
| PagSeguro Digital Ltd. | 0.22 | 0.26 | 0.32 | 55 | Technology | |
| Matson, Inc. | 0.31 | 0.34 | 0.37 | 93 | Industrials | |
| American Express Company | 0.31 | 0.37 | 0.46 | 57 | Financial Services |
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