Looking to diversify beyond JANW? The ETFs below have the lowest correlation with JANW — 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 JANW.
Best Diversifiers for JANW
387 ETFs have low correlation with JANW (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.08 | 0.05 | 71 | Oil & Gas | JANW vs DBE | |
| United States Oil Fund LP | -0.34 | -0.10 | 0.03 | 66 | Oil & Gas | JANW vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | -0.10 | -0.10 | 56 | Derivative Income | JANW vs USOY | |
| United States Brent Oil Fund LP | -0.33 | -0.09 | 0.03 | 65 | Oil & Gas | JANW vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.06 | 0.05 | 56 | Oil & Gas | JANW vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JANW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JANW and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.05 | 0.06 | 0.14 | 57 | Consumer Defensive |
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