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
272 ETFs have low correlation with JPIB (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.39 | -0.33 | 63 | Leveraged Currency | JPIB vs YCS | |
| Invesco DB Energy Fund | -0.48 | -0.22 | -0.09 | 71 | Oil & Gas | JPIB vs DBE | |
| United States Brent Oil Fund LP | -0.47 | -0.22 | -0.11 | 65 | Oil & Gas | JPIB vs BNO | |
| United States Oil Fund LP | -0.47 | -0.22 | -0.10 | 66 | Oil & Gas | JPIB vs USO | |
| Invesco DB Oil Fund | -0.44 | -0.20 | -0.08 | 65 | Oil & Gas | JPIB vs DBO |
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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 National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.27, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.27 | 0.30 | 0.30 | 60 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.38 | 0.30 | 0.30 | 96 | Financial Services |
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