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
978 ETFs have low correlation with JOJO (below 0.3), 91 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.40 | -0.18 | — | 69 | Oil & Gas | JOJO vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.20 | — | 71 | Oil & Gas | JOJO vs DBE | |
| United States Oil Fund LP | -0.39 | -0.19 | — | 66 | Oil & Gas | JOJO vs USO | |
| Invesco DB Oil Fund | -0.38 | -0.18 | -0.12 | 65 | Oil & Gas | JOJO vs DBO | |
| United States Brent Oil Fund LP | -0.38 | -0.18 | — | 65 | Oil & Gas | JOJO vs BNO |
See all 2105 diversifiers for JOJO
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Diversification Analysis
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