Looking to diversify beyond JMEE? The ETFs below have the lowest correlation with JMEE — 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 JMEE.
Best Diversifiers for JMEE
363 ETFs have low correlation with JMEE (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.10 | 71 | Oil & Gas | JMEE vs DBE | |
| United States Oil Fund LP | -0.26 | -0.01 | — | 66 | Oil & Gas | JMEE vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.01 | 0.09 | 65 | Oil & Gas | JMEE vs BNO | |
| United States Gasoline Fund LP | -0.23 | -0.01 | — | 69 | Oil & Gas | JMEE vs UGA | |
| United States 12 Month Oil Fund LP | -0.23 | 0.02 | 0.12 | 56 | Oil & Gas | JMEE vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JMEE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JMEE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.03 | 0.16 | — | 63 | Consumer Defensive |
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