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
493 ETFs have low correlation with IYZ (below 0.3), 76 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.16, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.14 | -0.14 | 98 | Inflation-Protected Bonds | IYZ vs RBIL | |
| Invesco DB Energy Fund | -0.15 | -0.02 | 0.08 | 71 | Oil & Gas | IYZ vs DBE | |
| United States Oil Fund LP | -0.15 | -0.01 | 0.07 | 66 | Oil & Gas | IYZ vs USO | |
| United States Brent Oil Fund LP | -0.14 | -0.01 | 0.07 | 65 | Oil & Gas | IYZ vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | 0.02 | 0.02 | 98 | Inflation-Protected Bonds | IYZ vs IBIC |
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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 Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.23, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.23 | 0.34 | 0.42 | 86 | Consumer Cyclical | |
| Verizon Communications Inc. | 0.25 | 0.35 | 0.41 | 59 | Communication Services | |
| Micron Technology, Inc. | 0.25 | 0.29 | 0.41 | 99 | Technology | |
| Sandisk Corp | 0.31 | — | — | 100 | Technology | |
| Seagate Technology plc | 0.33 | 0.37 | 0.48 | 99 | Technology |
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Build a portfolio that complements IYZ
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