Looking to balance out your exposure to JAZZ? The ETFs below have historically moved differently from JAZZ, 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 JAZZ
33 ETFs have low correlation with JAZZ (below 0.3), 7 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.17, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.12 | -0.05 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs USFR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.10 | -0.03 | 0.07 | 82 | Commodities | JAZZ vs FTGC | |
| iShares Treasury Floating Rate Bond ETF | -0.07 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs TFLO | |
| Invesco S&P SmallCap Energy ETF | -0.05 | 0.15 | 0.22 | 60 | Energy Equities | JAZZ vs PSCE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JAZZ, 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 China Shenhua Energy Co Ltd (CSUAY) (Energy) with a 1Y correlation of -0.11, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Shenhua Energy Co Ltd | -0.11 | -0.04 | 0.00 | 66 | Energy | |
| Chevron Corporation | -0.09 | 0.08 | 0.17 | 72 | Energy | |
| Nutrien Ltd. | -0.08 | 0.09 | 0.17 | 58 | Basic Materials | |
| Altria Group, Inc. | -0.04 | 0.07 | 0.15 | 63 | Consumer Defensive | |
| TotalEnergies SE | -0.04 | 0.08 | 0.08 | 86 | 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