Looking to balance out your exposure to JOE? The ETFs below have the lowest correlation with JOE — they tend to move on their own, which can help reduce risk when JOE drops. The stock ideas table highlights individual companies that behave independently from JOE.
Best Diversifiers for JOE
2 ETFs have low correlation with JOE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.29, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.45 | 0.54 | 70 | S&P 500 | JOE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.45 | 0.54 | 70 | S&P 500 | JOE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JOE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JOE and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.32, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.32 | 0.45 | 0.48 | 76 | Real Estate |
Build a portfolio that complements JOE
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