Looking to diversify beyond IYZ? The ETFs below have the lowest correlation with IYZ — 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 IYZ.
Best Diversifiers for IYZ
537 ETFs have low correlation with IYZ (below 0.3), 46 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 | -0.33 | — | — | 63 | Inverse Equities | IYZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 70 | Inverse Equities, Leveraged Equities | IYZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 73 | Derivative Income | IYZ vs WNTR | |
| ProShares Short Bitcoin ETF | -0.30 | -0.26 | -0.29 | 52 | Cryptocurrency | IYZ vs BITI | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.04 | -0.01 | 100 | Ultrashort Bond | IYZ vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYZ and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.29 | 0.44 | 53 | Financial Services | |
| Verizon Communications Inc. | 0.17 | 0.32 | 0.39 | 61 | Communication Services | |
| Macy's, Inc. | 0.19 | 0.31 | 0.41 | 91 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.30 | 0.30 | 0.41 | 99 | Technology | |
| Sandisk Corporation | 0.37 | 0.35 | 0.35 | 100 | Technology |
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