Looking to diversify beyond JMUB? The ETFs below have the lowest correlation with JMUB — 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 JMUB.
Best Diversifiers for JMUB
1831 ETFs have low correlation with JMUB (below 0.3), 117 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.36 | -0.34 | 67 | Leveraged Currency | JMUB vs YCS | |
| ProShares Ultra Bloomberg Crude Oil | -0.28 | -0.13 | -0.09 | 54 | Leveraged Commodities | JMUB vs UCO | |
| Invesco DB Oil Fund | -0.28 | -0.14 | -0.09 | 65 | Oil & Gas | JMUB vs DBO | |
| Invesco DB Energy Fund | -0.27 | -0.14 | -0.09 | 71 | Oil & Gas | JMUB vs DBE | |
| United States 12 Month Oil Fund LP | -0.27 | -0.13 | -0.08 | 56 | Oil & Gas | JMUB vs USL |
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