Looking to diversify beyond JNKS.L? The ETFs below have the lowest correlation with JNKS.L — 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 JNKS.L.
Best Diversifiers for JNKS.L
12 ETFs have low correlation with JNKS.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.L) (High Yield Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € High Yield Corp Bond ESG SRI UCITS ETF G... | -0.03 | 0.06 | — | 61 | High Yield Bonds | JNKS.L vs EHYG.L | |
| iShares Global High Yield Corp Bond UCITS ETF GBP ... | -0.02 | 0.04 | 0.09 | 54 | High Yield Bonds | JNKS.L vs GHYG.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.01 | 0.08 | 0.10 | 63 | High Yield Bonds | JNKS.L vs WIGG.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.03 | 0.09 | 0.11 | 76 | High Yield Bonds | JNKS.L vs JHYP.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.13 | 0.24 | 0.22 | 85 | Small Cap Value Equities | JNKS.L vs USSC.L |
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