Looking to diversify beyond RWJ? The ETFs below have the lowest correlation with RWJ — 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 RWJ.
Best Diversifiers for RWJ
251 ETFs have low correlation with RWJ (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 60 | Inverse Equities, Leveraged Equities | RWJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 65 | Derivative Income | RWJ vs WNTR | |
| United States Gasoline Fund LP | -0.20 | 0.00 | 0.15 | 72 | Oil & Gas | RWJ vs UGA | |
| ProShares UltraShort Yen | -0.14 | -0.09 | -0.04 | 75 | Leveraged Currency | RWJ vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | RWJ vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWJ and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.17 | 0.29 | 0.37 | 72 | Real Estate |
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