Looking to balance out your exposure to JD? The ETFs below have the lowest correlation with JD — they tend to move on their own, which can help reduce risk when JD drops. The stock ideas table highlights individual companies that behave independently from JD.
Best Diversifiers for JD
2 ETFs have low correlation with JD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.03 | 0.03 | 100 | Ultrashort Bond | JD vs SGOV | |
| GraniteShares 2x Long AMD Daily ETF | 0.23 | — | — | 96 | Leveraged Equities | JD vs AMDL | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.33 | 0.34 | 70 | S&P 500 | JD vs SPY | |
| Invesco QQQ ETF | 0.37 | 0.31 | 0.35 | 73 | Nasdaq-100 | JD vs QQQ | |
| Vanguard Total Stock Market ETF | 0.37 | 0.34 | 0.36 | 68 | Large Cap Blend Equities | JD vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.03 | 0.04 | 69 | Consumer Defensive | |
| Chubb Limited | -0.12 | 0.02 | 0.07 | 51 | Financial Services | |
| Johnson & Johnson | -0.00 | 0.08 | 0.04 | 92 | Healthcare | |
| Walmart Inc. | 0.00 | 0.05 | 0.05 | 63 | Consumer Defensive | |
| RTX Corporation | 0.02 | 0.09 | 0.11 | 70 | Industrials |
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