Looking to diversify beyond JNK? The ETFs below have the lowest correlation with JNK — 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 JNK.
Best Diversifiers for JNK
176 ETFs have low correlation with JNK (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.24 | 63 | Leveraged Currency | JNK vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.07 | 0.05 | 55 | Oil & Gas | JNK vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | JNK vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | — | — | 99 | Ultrashort Bond | JNK vs CSHP | |
| VanEck Commodity Strategy ETF | -0.18 | 0.02 | 0.07 | 57 | Commodities | JNK vs PIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JNK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNK and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.03 | 0.13 | 72 | Energy | |
| ConocoPhillips Company | -0.15 | 0.05 | 0.15 | 65 | Energy | |
| Altria Group, Inc. | -0.13 | 0.08 | 0.16 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.12 | 0.05 | 0.15 | 70 | Energy | |
| Chubb Limited | -0.08 | 0.07 | 0.19 | 69 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JNK
Add JNK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JNK