Looking to diversify beyond JPIB? The ETFs below have the lowest correlation with JPIB — 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 JPIB.
Best Diversifiers for JPIB
205 ETFs have low correlation with JPIB (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.39 | -0.33 | 63 | Leveraged Currency | JPIB vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.21 | -0.11 | 55 | Oil & Gas | JPIB vs UGA | |
| VanEck Commodity Strategy ETF | -0.27 | -0.09 | — | 57 | Commodities | JPIB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.11 | -0.07 | 75 | Commodities | JPIB vs FAAR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | JPIB vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPIB and solid risk/return profiles. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | 0.23 | 0.30 | 0.29 | 64 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.39 | 0.30 | 0.31 | 94 | Financial Services |
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