Looking to balance out your exposure to JKS? The ETFs below have the lowest correlation with JKS — they tend to move on their own, which can help reduce risk when JKS drops. The stock ideas table highlights individual companies that behave independently from JKS.
Best Diversifiers for JKS
0 ETFs have low correlation with JKS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.31 | 0.33 | 59 | S&P 500 | JKS vs SPY | |
| Vanguard Total Stock Market ETF | 0.34 | 0.33 | 0.35 | 59 | Large Cap Blend Equities | JKS vs VTI | |
| iShares MSCI Emerging Markets ETF | 0.35 | 0.41 | 0.45 | 67 | Emerging Markets Diversified | JKS vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JKS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JKS and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.20, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.20 | -0.10 | -0.08 | 61 | Utilities | |
| The Coca-Cola Company | -0.18 | -0.05 | -0.00 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | -0.07 | -0.06 | 62 | Utilities | |
| Walmart Inc. | -0.11 | -0.02 | 0.01 | 69 | Consumer Defensive | |
| Linde plc | -0.02 | 0.10 | 0.18 | 60 | Basic Materials |
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