Looking to diversify beyond JMSI? The ETFs below have historically moved differently from JMSI, 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 JMSI
1596 ETFs have low correlation with JMSI (below 0.3), 119 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.32 | — | 56 | Leveraged Currency | JMSI vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.17 | — | 72 | Oil & Gas | JMSI vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.16 | — | 58 | Oil & Gas | JMSI vs DBO | |
| United States Gasoline Fund, LP | -0.27 | -0.14 | — | 87 | Oil & Gas | JMSI vs UGA | |
| United States Oil Fund LP | -0.27 | -0.16 | — | 55 | Oil & Gas | JMSI vs USO |
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