Looking to diversify beyond JOYT? The ETFs below have historically moved differently from JOYT, 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 JOYT
428 ETFs have low correlation with JOYT (below 0.3), 58 of which are negatively correlated. The least correlated is MicroSectors Energy 3X Leveraged ETN (WTIU) (Leveraged Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors Energy 3X Leveraged ETN | -0.14 | -0.14 | -0.14 | 55 | Leveraged Equities | JOYT vs WTIU | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.14 | -0.14 | -0.14 | 75 | Leveraged Equities | JOYT vs NRGU | |
| Tortoise North American Pipeline Fund | -0.13 | -0.13 | -0.13 | 79 | Energy Equities | JOYT vs TPYP | |
| Texas Capital Texas Oil Index ETF | -0.13 | -0.13 | -0.13 | 50 | Energy Equities | JOYT vs OILT | |
| Alerian Energy Infrastructure ETF | -0.12 | -0.12 | -0.12 | 79 | Infrastructure Equities, Energy Equities | JOYT vs ENFR |
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