Looking to diversify beyond JNUG? The ETFs below have the lowest correlation with JNUG — 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 JNUG.
Best Diversifiers for JNUG
564 ETFs have low correlation with JNUG (below 0.3), 49 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.46 | -0.49 | 51 | Currency | JNUG vs UUP | |
| ProShares Short Bitcoin ETF | -0.33 | -0.18 | -0.23 | 57 | Cryptocurrency | JNUG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.21 | -0.21 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JNUG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.23 | -0.23 | 53 | Inverse Equities | JNUG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.21 | -0.21 | 68 | Inverse Equities, Leveraged Equities | JNUG vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JNUG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNUG and solid risk/return profiles. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | 0.18 | 0.19 | 0.21 | 94 | Technology | |
| First Majestic Silver Corp. | 0.88 | 0.83 | 0.85 | 74 | Basic Materials |
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