Looking to diversify beyond JIRE? The ETFs below have the lowest correlation with JIRE — 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 JIRE.
Best Diversifiers for JIRE
234 ETFs have low correlation with JIRE (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.28 | — | 75 | Leveraged Currency | JIRE vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.31 | -0.31 | 60 | Inverse Equities, Leveraged Equities | JIRE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.31 | — | 53 | Inverse Equities | JIRE vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.35 | -0.35 | 65 | Derivative Income | JIRE vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.08 | — | 72 | Oil & Gas | JIRE vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JIRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JIRE and solid risk/return profiles. The least correlated is Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.15 | 0.08 | 0.19 | 74 | Energy | |
| CrowdStrike Holdings, Inc. | 0.19 | 0.29 | 0.34 | 75 | Technology | |
| Entergy Corporation | 0.24 | 0.27 | 0.31 | 92 | Utilities |
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