Looking to diversify beyond JPLD? The ETFs below have the lowest correlation with JPLD — 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 JPLD.
Best Diversifiers for JPLD
1637 ETFs have low correlation with JPLD (below 0.3), 83 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | — | — | 63 | Leveraged Currency | JPLD vs YCS | |
| United States Gasoline Fund LP | -0.32 | -0.19 | -0.19 | 55 | Oil & Gas | JPLD vs UGA | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 64 | Systematic Trend | JPLD vs FFUT | |
| Bastion Energy ETF | -0.22 | — | — | 84 | Energy Equities | JPLD vs BESF | |
| Invesco S&P SmallCap Energy ETF | -0.21 | -0.10 | -0.10 | 57 | Energy Equities | JPLD vs PSCE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPLD and solid risk/return profiles. The least correlated is Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.03 | 0.07 | 0.07 | 80 | Financial Services |
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