Looking to diversify beyond JLQD? The ETFs below have historically moved differently from JLQD, 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 JLQD
356 ETFs have low correlation with JLQD (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.44 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.44 | — | 56 | Leveraged Currency | JLQD vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.22 | — | 72 | Oil & Gas | JLQD vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | — | 52 | Oil & Gas | JLQD vs BNO | |
| United States Oil Fund LP | -0.41 | -0.22 | — | 55 | Oil & Gas | JLQD vs USO | |
| Invesco DB Oil Fund | -0.39 | -0.20 | -0.13 | 58 | Oil & Gas | JLQD vs DBO |
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