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
352 ETFs have low correlation with JOYT (below 0.3), 33 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 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 | |
| Direxion Daily NFLX Bear 1X Shares | -0.11 | -0.11 | -0.11 | 60 | Inverse Equities | JOYT vs NFXS | |
| Tortoise North American Pipeline Fund | -0.10 | -0.10 | -0.10 | 77 | Energy Equities | JOYT vs TPYP |
See all 1991 diversifiers for JOYT
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