Looking to diversify beyond JOET? The ETFs below have the lowest correlation with JOET — 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 JOET.
Best Diversifiers for JOET
361 ETFs have low correlation with JOET (below 0.3), 74 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.05 | 0.10 | 71 | Oil & Gas | JOET vs DBE | |
| United States Oil Fund LP | -0.31 | -0.04 | 0.09 | 66 | Oil & Gas | JOET vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.03 | 0.09 | 65 | Oil & Gas | JOET vs BNO | |
| United States 12 Month Oil Fund LP | -0.28 | -0.02 | 0.12 | 56 | Oil & Gas | JOET vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.01 | 0.11 | 55 | Oil & Gas | JOET vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JOET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JOET and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marex Group PLC | 0.27 | — | — | 60 | Financial Services |
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