Looking to balance out your exposure to JBLU? The ETFs below have the lowest correlation with JBLU — they tend to move on their own, which can help reduce risk when JBLU drops. The stock ideas table highlights individual companies that behave independently from JBLU.
Best Diversifiers for JBLU
2 ETFs have low correlation with JBLU (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.05 | 0.07 | 0.19 | 63 | Energy Equities | JBLU vs XLE | |
| State Street Technology Select Sector SPDR ETF | 0.28 | 0.26 | 0.36 | 83 | Technology Equities | JBLU vs XLK | |
| Vanguard FTSE Emerging Markets ETF | 0.38 | 0.37 | 0.41 | 56 | Emerging Markets Equities | JBLU vs VWO | |
| Vanguard S&P 500 ETF | 0.41 | 0.36 | 0.45 | 70 | S&P 500 | JBLU vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.36 | 0.45 | 70 | S&P 500 | JBLU vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JBLU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JBLU and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.10 | 0.06 | 0.17 | 87 | Energy | |
| Plains All American Pipeline, L.P. | -0.09 | 0.06 | 0.19 | 87 | Energy | |
| Energy Transfer LP | -0.05 | 0.13 | 0.24 | 69 | Energy | |
| Halliburton Company | 0.02 | 0.10 | 0.20 | 94 | Energy | |
| Enterprise Products Partners L.P. | 0.05 | 0.11 | 0.19 | 85 | Energy |
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