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 iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.31, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.31 | 0.23 | 0.09 | 86 | Systematic Trend | JBL vs DBMF | |
| WisdomTree Japan Hedged Equity Fund | 0.37 | 0.39 | 0.45 | 94 | Japan Equities, Asia Pacific Equities | JBL vs DXJ | |
| Vanguard S&P 500 ETF | 0.58 | 0.61 | 0.65 | 66 | S&P 500 | JBL vs VOO | |
| Vanguard Total Stock Market ETF | 0.58 | 0.62 | 0.66 | 66 | Large Cap Blend Equities | JBL vs VTI | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.60 | 0.61 | — | 60 | Nasdaq-100, Derivative Income | JBL vs JEPQ |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.25, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.25 | -0.04 | 0.14 | 62 | Financial Services | |
| Altria Group, Inc. | -0.19 | -0.08 | 0.05 | 80 | Consumer Defensive | |
| Pinnacle West Capital Corporation | -0.15 | -0.05 | 0.05 | 83 | Utilities | |
| Cheniere Energy, Inc. | -0.14 | 0.06 | 0.17 | 57 | Energy | |
| Everest Group Ltd | -0.13 | 0.05 | 0.19 | 63 | Financial Services |
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Build a portfolio that complements JBL
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