Looking to balance out your exposure to JCI? The ETFs below have the lowest correlation with JCI — they tend to move on their own, which can help reduce risk when JCI drops. The stock ideas table highlights individual companies that behave independently from JCI.
Best Diversifiers for JCI
4 ETFs have low correlation with JCI (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.17, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | JCI vs USFR | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | 0.19 | — | — | 69 | Derivative Income | JCI vs AAPY | |
| Kurv Yield Premium Strategy Google ETF | 0.20 | — | — | 88 | Derivative Income | JCI vs GOOP | |
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.38 | 0.53 | 89 | Dividend | JCI vs SCHD | |
| iShares MSCI South Korea ETF | 0.33 | 0.36 | 0.40 | 90 | South Korea Equities, Asia Pacific Equities | JCI vs EWY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JCI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JCI and solid risk/return profiles. The least correlated is Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.14 | -0.02 | 0.13 | 52 | Consumer Defensive | |
| Chevron Corporation | -0.13 | 0.07 | 0.18 | 73 | Energy | |
| Waste Management, Inc. | -0.13 | 0.09 | 0.26 | 51 | Industrials | |
| ConocoPhillips Company | -0.12 | 0.06 | 0.16 | 68 | Energy | |
| Altria Group, Inc. | -0.11 | 0.01 | 0.13 | 77 | Consumer Defensive |
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