Looking to diversify beyond JMBS? The ETFs below have the lowest correlation with JMBS — 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 JMBS.
Best Diversifiers for JMBS
700 ETFs have low correlation with JMBS (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.46 | -0.48 | 75 | Leveraged Currency | JMBS vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.21 | -0.11 | 72 | Oil & Gas | JMBS vs UGA | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 66 | Systematic Trend | JMBS vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.29 | -0.14 | -0.07 | 51 | Commodities | JMBS vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.26 | -0.11 | -0.04 | 65 | Commodities | JMBS vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JMBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JMBS and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.26, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.26 | -0.07 | -0.04 | 71 | Energy | |
| NVIDIA Corporation | 0.00 | 0.04 | 0.08 | 69 | Technology | |
| Walmart Inc. | 0.02 | 0.05 | 0.08 | 70 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.03 | 0.08 | 0.05 | 60 | Industrials | |
| AbbVie Inc. | 0.15 | 0.14 | 0.10 | 77 | Healthcare |
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Build a portfolio that complements JMBS
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