Looking to diversify beyond JOJO? The ETFs below have historically moved differently from JOJO, 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 JOJO
1066 ETFs have low correlation with JOJO (below 0.3), 112 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.12 | 66 | Oil & Gas | JOJO vs DBE | |
| United States Gasoline Fund, LP | -0.40 | -0.22 | -0.10 | 83 | Oil & Gas | JOJO vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.19 | -0.09 | 61 | Commodities | JOJO vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.38 | -0.18 | -0.08 | 70 | Commodities | JOJO vs PDBC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.38 | -0.20 | -0.10 | 56 | Commodities | JOJO vs COMT |
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