Looking to balance out your exposure to JEF? The ETFs below have the lowest correlation with JEF — they tend to move on their own, which can help reduce risk when JEF drops. The stock ideas table highlights individual companies that behave independently from JEF.
Best Diversifiers for JEF
1 ETFs have low correlation with JEF (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.29, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.29 | 0.36 | 0.41 | 93 | Asia Pacific Equities | JEF vs EWY | |
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.49 | 0.59 | 77 | Dividend | JEF vs SCHD | |
| iShares MSCI Emerging Markets ETF | 0.43 | 0.45 | 0.49 | 67 | Emerging Markets Diversified | JEF vs EEM | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.59 | 0.64 | 60 | S&P 500 | JEF vs SPY | |
| Vanguard S&P 500 ETF | 0.58 | 0.59 | 0.63 | 60 | S&P 500 | JEF vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JEF and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.01 | 0.15 | 74 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | -0.02 | 0.12 | 74 | Consumer Defensive | |
| Chubb Limited | -0.05 | 0.11 | 0.30 | 72 | Financial Services | |
| Johnson & Johnson | -0.04 | 0.02 | 0.10 | 96 | Healthcare | |
| Walmart Inc. | -0.03 | 0.09 | 0.18 | 70 | Consumer Defensive |
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