Looking to balance out your exposure to JAZZ? The ETFs below have the lowest correlation with JAZZ — they tend to move on their own, which can help reduce risk when JAZZ drops. The stock ideas table highlights individual companies that behave independently from JAZZ.
Best Diversifiers for JAZZ
32 ETFs have low correlation with JAZZ (below 0.3), 6 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.12 | -0.05 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs BIL | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.12 | -0.03 | 0.07 | 77 | Commodities | JAZZ vs FTGC | |
| iShares Treasury Floating Rate Bond ETF | -0.08 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs TFLO | |
| Invesco S&P SmallCap Energy ETF | -0.05 | 0.15 | 0.23 | 66 | Energy Equities | JAZZ vs PSCE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JAZZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JAZZ and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.15 | 0.01 | 0.09 | 70 | Energy | |
| China Shenhua Energy Co Ltd | -0.08 | -0.04 | 0.01 | 74 | Energy | |
| Chevron Corporation | -0.08 | 0.09 | 0.18 | 74 | Energy | |
| TotalEnergies SE | -0.05 | 0.08 | 0.08 | 79 | Energy | |
| Nabors Industries Ltd. | -0.04 | 0.13 | 0.18 | 95 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JAZZ
Add JAZZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JAZZ