Looking to diversify beyond JOJO? The ETFs below have the lowest correlation with JOJO — 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 JOJO.
Best Diversifiers for JOJO
817 ETFs have low correlation with JOJO (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.35 | — | 63 | Leveraged Currency | JOJO vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.18 | -0.10 | 55 | Oil & Gas | JOJO vs UGA | |
| VanEck Commodity Strategy ETF | -0.27 | -0.13 | — | 57 | Commodities | JOJO vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.25 | -0.10 | — | 55 | Commodities | JOJO vs FTGC | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.25 | -0.11 | — | 50 | Commodities | JOJO vs CMDT |
See all 1939 diversifiers for JOJO
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Diversification Analysis
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