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
10 ETFs have low correlation with JAZZ (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.15, 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 | -0.15 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | JAZZ vs SHV | |
| PIMCO Short Term Municipal Bond Active ETF | 0.12 | 0.12 | 0.08 | 92 | Municipal Bonds | JAZZ vs SMMU | |
| Direxion Daily MU Bull 2X Shares | 0.13 | — | — | 99 | Leveraged Equities | JAZZ vs MUU | |
| YieldMax AMD Option Income Strategy ETF | 0.14 | — | — | 93 | Options Trading, Dividend | JAZZ vs AMDY |
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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 -0.13, 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. | -0.13 | 0.01 | 0.09 | 68 | Energy | |
| Altria Group, Inc. | -0.07 | 0.07 | 0.16 | 69 | Consumer Defensive | |
| Cenovus Energy Inc. | -0.01 | 0.08 | 0.15 | 95 | Energy | |
| Fortinet, Inc. | 0.02 | 0.13 | 0.22 | 66 | Technology | |
| F5 Networks, Inc. | 0.05 | 0.14 | 0.24 | 68 | Technology |
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