Looking to balance out your exposure to J? The ETFs below have the lowest correlation with J — they tend to move on their own, which can help reduce risk when J drops. The stock ideas table highlights individual companies that behave independently from J.
Best Diversifiers for J
2 ETFs have low correlation with J (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Hedged Equity Fund (DXJ) (Japan Equities) with a 1Y correlation of 0.23, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 0.23 | 0.30 | 0.39 | 94 | Japan Equities, Asia Pacific Equities | J vs DXJ | |
| Invesco QQQ ETF | 0.26 | 0.35 | 0.44 | 53 | Nasdaq-100 | J vs QQQ | |
| Vanguard International High Dividend Yield ETF | 0.36 | 0.37 | 0.47 | 84 | Dividend, Foreign Large Cap Equities | J vs VYMI | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.49 | 0.56 | 65 | S&P 500 | J vs SPY | |
| Vanguard S&P 500 ETF | 0.38 | 0.48 | 0.56 | 66 | S&P 500 | J vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from J, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to J and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.11 | 0.21 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.01 | 0.12 | 0.22 | 64 | Utilities | |
| Applied Optoelectronics, Inc. | 0.02 | 0.21 | 0.22 | 89 | Technology | |
| The Southern Company | 0.04 | 0.12 | 0.23 | 56 | Utilities | |
| Welltower Inc. | 0.04 | 0.16 | 0.28 | 93 | Real Estate |
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Build a portfolio that complements J
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