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Looking to diversify beyond MJ? The ETFs below have the lowest correlation with MJ — 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 MJ.

Best Diversifiers for MJ

1196 ETFs have low correlation with MJ (below 0.3), 54 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.16, down from -0.01 over 5 years.


See all 1476 diversifiers for MJ

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MJ and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.41, roughly unchanged from 0.50 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Innovative Industrial Properties, Inc.0.410.430.50
60
Real Estate

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Diversification Analysis

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