Looking to balance out your exposure to JKS? The ETFs below have historically moved differently from JKS, 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 JKS
0 ETFs have low correlation with JKS (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.34 | 0.31 | 0.34 | 59 | Leveraged Equities, S&P 500 | JKS vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.31 | 0.34 | 72 | S&P 500 | JKS vs SPY | |
| Vanguard Total Stock Market ETF | 0.35 | 0.33 | 0.36 | 72 | Large Cap Blend Equities | JKS vs VTI | |
| iShares MSCI Emerging Markets ETF | 0.38 | 0.41 | 0.45 | 60 | Emerging Markets Equities | JKS vs EEM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JKS, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.26, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.26 | -0.11 | -0.07 | 53 | Utilities | |
| The Coca-Cola Company | -0.25 | -0.07 | -0.01 | 86 | Consumer Defensive | |
| Walmart Inc. | -0.13 | -0.03 | 0.01 | 58 | Consumer Defensive | |
| Kirin Holdings Co Ltd | -0.01 | 0.10 | 0.10 | 81 | Consumer Defensive | |
| REX American Resources Corporation | -0.01 | 0.21 | 0.24 | 92 | Basic Materials |
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