Looking to diversify beyond DJP? The ETFs below have historically moved differently from DJP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DJP
2128 ETFs have low correlation with DJP (below 0.3), 1584 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.29 | — | — | 76 | Municipal Bonds | DJP vs FMUB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.28 | -0.03 | — | 58 | Emerging Markets Bonds | DJP vs BEMB | |
| Avantis Short-Term Fixed Income ETF | -0.28 | -0.07 | -0.00 | 72 | Short-Term Bond | DJP vs AVSF | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.27 | — | — | 63 | Municipal Bonds | DJP vs TAXM | |
| iShares Agency Bond ETF | -0.26 | -0.08 | -0.02 | 52 | Government Bonds, Short-Term Bond | DJP vs AGZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DJP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.18, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.18 | 0.32 | 0.40 | 92 | Basic Materials | |
| Wheaton Precious Metals Corp. | 0.19 | 0.30 | 0.31 | 57 | Basic Materials |
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