Looking to diversify beyond JCPB? The ETFs below have historically moved differently from JCPB, 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 JCPB
693 ETFs have low correlation with JCPB (below 0.3), 112 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.26 | -0.15 | 66 | Oil & Gas | JCPB vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.24 | -0.15 | 51 | Oil & Gas | JCPB vs DBO | |
| ProShares UltraShort Yen | -0.43 | -0.46 | -0.49 | 59 | Leveraged Currency | JCPB vs YCS | |
| United States Gasoline Fund, LP | -0.42 | -0.24 | -0.13 | 83 | Oil & Gas | JCPB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.20 | -0.11 | 61 | Commodities | JCPB vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JCPB, 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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.09 | 0.09 | 0.08 | 69 | Energy | |
| The Williams Companies, Inc. | -0.08 | 0.06 | 0.07 | 71 | Energy | |
| NVIDIA Corporation | 0.05 | 0.05 | 0.10 | 61 | Technology | |
| Chemed Corporation | 0.08 | 0.15 | 0.15 | 73 | Healthcare | |
| Comfort Systems USA, Inc. | 0.14 | 0.11 | 0.11 | 95 | Industrials |
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