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
297 ETFs have low correlation with JOYT (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.14 | -0.14 | 61 | Leveraged Currency | JOYT vs YCS | |
| Xtrackers US 0-1 Year Treasury ETF | -0.08 | -0.08 | -0.08 | 99 | Government Bonds, Ultrashort Bond | JOYT vs TRSY | |
| First Trust Alternative Absolute Return Strategy E... | -0.07 | -0.07 | -0.07 | 70 | Commodities | JOYT vs FAAR | |
| Global X 1-3 Month T-Bill ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | JOYT vs CLIP | |
| Alerian Energy Infrastructure ETF | -0.06 | -0.06 | -0.06 | 50 | Energy Equities | JOYT vs ENFR |
See all 2008 diversifiers for JOYT
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