Looking to diversify beyond JOYT? The ETFs below have the lowest correlation with JOYT — 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 JOYT.
Best Diversifiers for JOYT
354 ETFs have low correlation with JOYT (below 0.3), 35 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.42 | -0.42 | 53 | Inverse Equities | JOYT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.42 | -0.42 | 60 | Inverse Equities, Leveraged Equities | JOYT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | -0.41 | -0.41 | 65 | Derivative Income | JOYT vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.29 | -0.29 | -0.29 | 51 | Multistrategy | JOYT vs RSBY | |
| Brookstone Ultra-Short Bond ETF | -0.19 | -0.19 | -0.19 | 99 | Ultrashort Bond | JOYT vs BAMU |
See all 1993 diversifiers for JOYT
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