Looking to diversify beyond SILJ? The ETFs below have the lowest correlation with SILJ — 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 SILJ.
Best Diversifiers for SILJ
412 ETFs have low correlation with SILJ (below 0.3), 25 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.24 | -0.24 | 60 | Inverse Equities, Leveraged Equities | SILJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | SILJ vs WNTR | |
| ProShares UltraShort Yen | -0.19 | -0.19 | -0.26 | 75 | Leveraged Currency | SILJ vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | -0.13 | -0.13 | 97 | Inflation-Protected Bonds | SILJ vs RBIL | |
| United States Gasoline Fund LP | -0.14 | 0.02 | 0.12 | 72 | Oil & Gas | SILJ vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SILJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SILJ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | -0.02 | 0.09 | 79 | Consumer Defensive | |
| Devon Energy Corporation | -0.11 | 0.09 | 0.21 | 69 | Energy | |
| ConocoPhillips Company | -0.09 | 0.05 | 0.19 | 63 | Energy | |
| Waste Management, Inc. | -0.09 | 0.02 | 0.10 | 51 | Industrials | |
| Exxon Mobil Corporation | -0.09 | 0.05 | 0.20 | 71 | Energy |
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