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
203 ETFs have low correlation with JNK (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.40 | -0.42 | 51 | Currency | JNK vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | JNK vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 60 | Inverse Equities | JNK vs SMST | |
| ProShares Short Bitcoin ETF | -0.41 | -0.32 | -0.33 | 57 | Cryptocurrency | JNK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JNK vs SBIT |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.17 | 0.02 | 0.13 | 75 | Energy | |
| Chevron Corporation | -0.17 | 0.04 | 0.17 | 70 | Energy | |
| ConocoPhillips Company | -0.16 | 0.04 | 0.15 | 66 | Energy | |
| Altria Group, Inc. | -0.14 | 0.08 | 0.16 | 81 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.14 | 0.06 | 0.16 | 62 | Energy |
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Build a portfolio that complements JNK
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