Looking to diversify beyond JEDI? The ETFs below have the lowest correlation with JEDI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JEDI.
Best Diversifiers for JEDI
530 ETFs have low correlation with JEDI (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.42 | -0.42 | 53 | Cryptocurrency | JEDI vs BITI | |
| Twin Oak Short Horizon Absolute Return ETF | -0.09 | — | — | 57 | Multistrategy | JEDI vs TOAK | |
| Xtrackers US 0-1 Year Treasury ETF | -0.08 | — | — | 99 | Government Bonds, Ultrashort Bond | JEDI vs TRSY | |
| Direxion Daily NFLX Bear 1X Shares | -0.08 | — | — | 61 | Inverse Equities | JEDI vs NFXS | |
| Invesco DB Energy Fund | -0.07 | -0.07 | -0.07 | 57 | Oil & Gas | JEDI vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JEDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JEDI and solid risk/return profiles. The least correlated is Clear Secure, Inc. (YOU) (Technology) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Clear Secure, Inc. | 0.07 | 0.07 | 0.07 | 88 | Technology | |
| AST SpaceMobile, Inc. | 0.73 | 0.73 | 0.73 | 63 | Technology | |
| Rocket Lab USA, Inc. | 0.80 | 0.80 | 0.80 | 74 | Industrials |
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