Looking to diversify beyond JNK? The ETFs below have historically moved differently from JNK, 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 JNK
241 ETFs have low correlation with JNK (below 0.3), 96 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | JNK vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | JNK vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | JNK vs WNTR | |
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | — | 61 | Cryptocurrency | JNK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JNK vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JNK, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.00 | 0.12 | 84 | Energy | |
| ConocoPhillips Company | -0.19 | 0.01 | 0.14 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.19 | 0.03 | 0.15 | 70 | Energy | |
| Chevron Corporation | -0.19 | 0.03 | 0.16 | 80 | Energy | |
| Devon Energy Corporation | -0.18 | 0.07 | 0.18 | 76 | Energy |
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