Looking to diversify beyond IYR? The ETFs below have historically moved differently from IYR, 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 IYR
1275 ETFs have low correlation with IYR (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.27 | -0.19 | 59 | Leveraged Currency | IYR vs YCS | |
| Invesco DB Energy Fund | -0.20 | -0.13 | 0.01 | 53 | Oil & Gas | IYR vs DBE | |
| United States Gasoline Fund, LP | -0.16 | -0.10 | 0.01 | 74 | Oil & Gas | IYR vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.08 | 0.04 | 50 | Commodities | IYR vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.06 | 0.05 | 58 | Commodities | IYR vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYR, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | 0.02 | 0.23 | 59 | Technology | |
| PagSeguro Digital Ltd. | 0.20 | 0.24 | 0.32 | 60 | Technology | |
| Apple Inc | 0.21 | 0.25 | 0.39 | 90 | Technology | |
| American Express Company | 0.29 | 0.37 | 0.46 | 60 | Financial Services | |
| Matson, Inc. | 0.31 | 0.34 | 0.37 | 95 | Industrials |
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