Looking to diversify beyond JETS? The ETFs below have the lowest correlation with JETS — 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 JETS.
Best Diversifiers for JETS
454 ETFs have low correlation with JETS (below 0.3), 95 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.48, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.48 | -0.20 | -0.03 | 66 | Oil & Gas | JETS vs USO | |
| Invesco DB Energy Fund | -0.47 | -0.21 | -0.02 | 71 | Oil & Gas | JETS vs DBE | |
| United States Brent Oil Fund LP | -0.45 | -0.18 | -0.02 | 65 | Oil & Gas | JETS vs BNO | |
| United States 12 Month Oil Fund LP | -0.43 | -0.16 | -0.00 | 56 | Oil & Gas | JETS vs USL | |
| Invesco DB Oil Fund | -0.43 | -0.18 | -0.02 | 65 | Oil & Gas | JETS vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JETS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JETS and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.24 | 0.28 | 0.29 | 64 | Real Estate | |
| Southwest Airlines Co. | 0.86 | 0.78 | 0.82 | 60 | Industrials | |
| United Airlines Holdings, Inc. | 0.88 | 0.86 | 0.89 | 63 | Industrials | |
| Delta Air Lines, Inc. | 0.90 | 0.87 | 0.90 | 82 | Industrials |
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