Looking to diversify beyond JNUG? The ETFs below have historically moved differently from JNUG, 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 JNUG
652 ETFs have low correlation with JNUG (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.19 | — | 61 | Cryptocurrency | JNUG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JNUG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | JNUG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 61 | Inverse Equities, Leveraged Equities | JNUG vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | -0.24 | -0.24 | 75 | Derivative Income | JNUG vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JNUG, 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 Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of 0.26, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | 0.26 | 0.21 | 0.22 | 87 | Technology | |
| First Majestic Silver Corp. | 0.88 | 0.83 | 0.85 | 76 | Basic Materials |
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