Looking to diversify beyond JCPI? The ETFs below have historically moved differently from JCPI, 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 JCPI
1602 ETFs have low correlation with JCPI (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, up from -0.40 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.40 | — | 56 | Leveraged Currency | JCPI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 61 | Inverse Equities, Leveraged Equities | JCPI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | — | — | 52 | Inverse Equities | JCPI vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 75 | Derivative Income | JCPI vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.18 | -0.02 | -0.02 | 51 | Derivative Income, Dividend | JCPI vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JCPI, 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 DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.14 | 0.24 | 0.25 | 89 | Financial Services | |
| Reaves Utility Income Trust | 0.15 | 0.22 | 0.25 | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.15 | 0.25 | 0.25 | 74 | Financial Services | |
| Realty Income Corporation | 0.19 | 0.30 | 0.28 | 77 | Real Estate |
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