Looking to diversify beyond TYO? The ETFs below have the lowest correlation with TYO — 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 TYO.
Best Diversifiers for TYO
1054 ETFs have low correlation with TYO (below 0.3), 1019 of which are negatively correlated. The least correlated is Frontier Asset Core Bond ETF (FCBD) (Intermediate Core Bond) with a 1Y correlation of -0.90, roughly unchanged from -0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Frontier Asset Core Bond ETF | -0.90 | -0.92 | -0.92 | 50 | Intermediate Core Bond | TYO vs FCBD | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.90 | -0.90 | -0.88 | 54 | Short-Term Bond | TYO vs BSV | |
| iShares Core 1-5 Year USD Bond ETF | -0.90 | -0.91 | -0.88 | 67 | Short-Term Bond | TYO vs ISTB | |
| JPMorgan Short Duration Core Plus ETF | -0.88 | -0.86 | -0.77 | 76 | Short-Term Bond | TYO vs JSCP | |
| Eaton Vance Short Duration Income ETF | -0.87 | — | — | 86 | Short-Term Bond | TYO vs EVSD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TYO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TYO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Corporation | -0.15 | — | — | 62 | Utilities |
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