Looking to balance out your exposure to JD? The ETFs below have historically moved differently from JD, 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 JD
5 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 -0.04, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.03 | 0.03 | 100 | Ultrashort Bond | JD vs SGOV | |
| GraniteShares 2x Long AMD Daily ETF | 0.16 | — | — | 85 | Leveraged Equities | JD vs AMDL | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.26 | 0.26 | 94 | Dividend | JD vs SCHD | |
| Avantis US Small Cap Value ETF | 0.20 | 0.27 | 0.31 | 88 | Small Cap Value Equities | JD vs AVUV | |
| VanEck Semiconductor ETF | 0.27 | 0.26 | 0.32 | 87 | Semiconductors, Technology Equities | JD vs SMH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.02 | 0.04 | 83 | Consumer Defensive | |
| Chubb Limited | -0.08 | 0.02 | 0.06 | 92 | Financial Services | |
| Evergy, Inc. | -0.07 | 0.07 | 0.04 | 90 | Utilities | |
| Johnson & Johnson | -0.04 | 0.06 | 0.03 | 97 | Healthcare | |
| Eli Lilly and Company | -0.01 | 0.02 | 0.02 | 82 | Healthcare |
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