Looking to balance out your exposure to JBI? The ETFs below have the lowest correlation with JBI — they tend to move on their own, which can help reduce risk when JBI drops. The stock ideas table highlights individual companies that behave independently from JBI.
Best Diversifiers for JBI
0 ETFs have low correlation with JBI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.55, roughly unchanged from 0.45 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.55 | 0.45 | — | 74 | S&P 500 | JBI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JBI and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TORM plc | 0.05 | 0.10 | — | 88 | Energy | |
| ePlus inc. | 0.39 | 0.39 | — | 56 | Technology |
Build a portfolio that complements JBI
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