Looking to balance out your exposure to JBSS? The ETFs below have historically moved differently from JBSS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JBSS
1 ETFs have low correlation with JBSS (below 0.3), 1 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 -0.05, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.05 | 0.12 | 0.19 | 78 | S&P 500 | JBSS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JBSS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Barrick Mining Corporation (B) (Basic Materials) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barrick Mining Corporation | 0.07 | 0.09 | 0.11 | 82 | Basic Materials | |
| Federal Agricultural Mortgage Corporation Class C | 0.14 | 0.25 | 0.28 | 76 | Financial Services |
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