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
1122 ETFs have low correlation with TYO (below 0.3), 1075 of which are negatively correlated. The least correlated is Neos Enhanced Income Aggregate Bond ETF (BNDI) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.89, roughly unchanged from -0.93 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neos Enhanced Income Aggregate Bond ETF | -0.89 | -0.93 | — | 51 | Intermediate Core-Plus Bond | TYO vs BNDI | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.89 | -0.89 | -0.88 | 64 | Short-Term Bond | TYO vs BSV | |
| Frontier Asset Core Bond ETF | -0.89 | — | — | 52 | Intermediate Core Bond | TYO vs FCBD | |
| iShares Core 1-5 Year USD Bond ETF | -0.89 | -0.90 | -0.88 | 75 | Short-Term Bond | TYO vs ISTB | |
| Invesco Investment Grade Defensive ETF | -0.88 | -0.88 | -0.87 | 51 | Corporate Bonds | TYO vs IIGD |
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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 | -0.16 | — | — | 53 | Utilities |
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