Looking to balance out your exposure to JFIN? The ETFs below have historically moved differently from JFIN, 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 JFIN
2 ETFs have low correlation with JFIN (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of 0.02, 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 Ultra Short Duration Bond Active ETF | 0.02 | 0.02 | 0.03 | 99 | Ultrashort Bond | JFIN vs ICSH | |
| JPMorgan Ultra-Short Income ETF | 0.08 | 0.03 | 0.04 | 99 | Ultrashort Bond | JFIN vs JPST | |
| Vanguard S&P 500 ETF | 0.33 | 0.25 | 0.26 | 68 | S&P 500 | JFIN vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JFIN, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | -0.00 | 0.03 | 62 | Consumer Defensive | |
| Medical Properties Trust, Inc | 0.05 | 0.08 | 0.09 | 63 | Real Estate | |
| FirstCash, Inc. | 0.07 | 0.09 | 0.15 | 89 | Financial Services | |
| TORM plc | 0.11 | 0.11 | 0.11 | 90 | Energy | |
| Leonardo SpA ADR | 0.14 | 0.10 | 0.08 | 59 | Industrials |
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