Looking to diversify beyond JETD? The ETFs below have historically moved differently from JETD, 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 JETD
2271 ETFs have low correlation with JETD (below 0.3), 2192 of which are negatively correlated. The least correlated is First Trust Nasdaq Transportation ETF (FTXR) (Industrials Equities) with a 1Y correlation of -0.81, roughly unchanged from -0.82 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Transportation ETF | -0.81 | -0.82 | — | 80 | Industrials Equities | JETD vs FTXR | |
| SPDR S&P Transportation ETF | -0.76 | -0.79 | — | 56 | Industrials Equities | JETD vs XTN | |
| Direxion Daily Transportation Bull 3X Shares | -0.75 | -0.77 | -0.77 | 54 | Leveraged Equities | JETD vs TPOR | |
| Invesco ESG S&P 500 Equal Weight ETF | -0.75 | -0.75 | — | 85 | S&P 500, ESG, Equal Weight | JETD vs RSPE | |
| Intech S&P Small-Mid Cap Diversified Alpha ETF | -0.75 | -0.76 | — | 75 | Small Cap Blend Equities | JETD vs SMDX |
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