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
230 ETFs have low correlation with JNK (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.24 | 61 | Leveraged Currency | JNK vs YCS | |
| United States Oil Fund LP | -0.36 | -0.09 | 0.05 | 66 | Oil & Gas | JNK vs USO | |
| Invesco DB Energy Fund | -0.36 | -0.08 | 0.06 | 71 | Oil & Gas | JNK vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.08 | 0.05 | 65 | Oil & Gas | JNK vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.34 | -0.05 | 0.07 | 55 | Oil & Gas | JNK vs OILK |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.14 | 0.08 | 0.18 | 83 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.05 | 0.14 | 85 | Energy | |
| ConocoPhillips Company | -0.13 | 0.06 | 0.16 | 76 | Energy | |
| Altria Group, Inc. | -0.12 | 0.10 | 0.17 | 69 | Consumer Defensive | |
| Energy Transfer LP | -0.07 | 0.22 | 0.27 | 69 | Energy |
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Build a portfolio that complements JNK
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Analyze a portfolio with JNK