Looking to diversify beyond JMBS? The ETFs below have historically moved differently from JMBS, 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 JMBS
682 ETFs have low correlation with JMBS (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | -0.48 | 56 | Leveraged Currency | JMBS vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.13 | 72 | Oil & Gas | JMBS vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.22 | -0.13 | 58 | Oil & Gas | JMBS vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.22 | -0.13 | 52 | Oil & Gas | JMBS vs BNO | |
| United States Gasoline Fund LP | -0.40 | -0.22 | -0.11 | 87 | Oil & Gas | JMBS vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JMBS, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.31, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.31 | -0.09 | -0.05 | 86 | Energy | |
| Walmart Inc. | 0.02 | 0.05 | 0.08 | 62 | Consumer Defensive | |
| NVIDIA Corporation | 0.03 | 0.03 | 0.08 | 56 | Technology | |
| Lockheed Martin Corporation | 0.04 | 0.07 | 0.04 | 80 | Industrials | |
| AbbVie Inc. | 0.13 | 0.14 | 0.10 | 81 | Healthcare |
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