Looking to diversify beyond JMST? The ETFs below have historically moved differently from JMST, 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 JMST
2151 ETFs have low correlation with JMST (below 0.3), 120 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.22 | — | — | 88 | Systematic Trend, Actively Managed | JMST vs FFUT | |
| Texas Capital Texas Oil Index ETF | -0.21 | — | — | 50 | Energy Equities | JMST vs OILT | |
| Bastion Energy ETF | -0.20 | — | — | 88 | Energy Equities | JMST vs BESF | |
| United States Oil Fund LP | -0.19 | -0.10 | -0.07 | 55 | Oil & Gas | JMST vs USO | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.17 | -0.07 | -0.04 | 58 | Energy Equities | JMST vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JMST, 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 Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.04 | 0.03 | 0.05 | 61 | Financial Services | |
| Apple Inc | 0.06 | 0.05 | 0.07 | 89 | Technology |
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