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
1711 ETFs have low correlation with JPLD (below 0.3), 115 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.40 | -0.40 | 72 | Leveraged Currency | JPLD vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.37 | -0.35 | -0.35 | 51 | Currency | JPLD vs UUP | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 71 | Systematic Trend | JPLD vs FFUT | |
| United States Gasoline Fund LP | -0.30 | -0.19 | -0.19 | 78 | Oil & Gas | JPLD vs UGA | |
| Invesco DB Energy Fund | -0.28 | -0.19 | -0.19 | 53 | Oil & Gas | JPLD vs DBE |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.10 | — | — | 53 | Energy | |
| MPLX LP | -0.03 | — | — | 82 | Energy | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.01 | 0.06 | 0.06 | 82 | Financial Services | |
| Omega Healthcare Investors, Inc. | 0.15 | — | — | 89 | Real Estate |
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