Looking to diversify beyond JMUB? The ETFs below have historically moved differently from JMUB, 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 JMUB
1528 ETFs have low correlation with JMUB (below 0.3), 112 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.36 | -0.16 | -0.11 | 51 | Oil & Gas | JMUB vs DBO | |
| Bastion Energy ETF | -0.36 | — | — | 87 | Energy Equities | JMUB vs BESF | |
| Invesco DB Energy Fund | -0.35 | -0.16 | -0.10 | 66 | Oil & Gas | JMUB vs DBE | |
| MicroSectors Energy 3X Leveraged ETN | -0.33 | -0.12 | -0.13 | 55 | Leveraged Equities | JMUB vs WTIU | |
| Invesco DB Commodity Index Tracking Fund | -0.32 | -0.12 | -0.07 | 68 | Commodities | JMUB vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JMUB, 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 0.17, up from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.17 | 0.09 | 0.06 | 65 | Financial Services |
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