Looking to balance out your exposure to JBL? The ETFs below have the lowest correlation with JBL — they tend to move on their own, which can help reduce risk when JBL drops. The stock ideas table highlights individual companies that behave independently from JBL.
Best Diversifiers for JBL
0 ETFs have low correlation with JBL (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.55, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.55 | 0.59 | 0.63 | 74 | Nasdaq-100, Derivative Income | JBL vs JEPQ | |
| Vanguard S&P 500 ETF | 0.56 | 0.61 | 0.65 | 70 | S&P 500 | JBL vs VOO | |
| Invesco QQQ ETF | 0.56 | 0.59 | 0.64 | 73 | Nasdaq-100 | JBL vs QQQ | |
| Vanguard Total Stock Market ETF | 0.56 | 0.63 | 0.67 | 68 | Large Cap Blend Equities | JBL vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JBL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.06 | 0.07 | 69 | Consumer Defensive | |
| Murphy USA Inc. | -0.10 | 0.05 | 0.14 | 62 | Consumer Cyclical | |
| CenterPoint Energy, Inc. | -0.09 | 0.02 | 0.13 | 66 | Utilities | |
| Cboe Global Markets, Inc. | -0.09 | -0.13 | 0.05 | 68 | Financial Services | |
| Walmart Inc. | -0.03 | 0.07 | 0.14 | 63 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JBL
Add JBL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JBL