Looking to diversify beyond JPLD? The ETFs below have historically moved differently from JPLD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JPLD
1857 ETFs have low correlation with JPLD (below 0.3), 128 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | — | — | 56 | Leveraged Currency | JPLD vs YCS | |
| Invesco DB Oil Fund | -0.31 | — | — | 58 | Oil & Gas | JPLD vs DBO | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 88 | Systematic Trend, Actively Managed | JPLD vs FFUT | |
| United States Brent Oil Fund LP | -0.31 | -0.20 | -0.20 | 52 | Oil & Gas | JPLD vs BNO | |
| United States Oil Fund LP | -0.29 | — | — | 55 | Oil & Gas | JPLD vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPLD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of -0.07, roughly unchanged from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.07 | -0.08 | — | 58 | Energy | |
| MPLX LP | -0.04 | 0.01 | 0.01 | 79 | Energy | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.02 | 0.07 | — | 77 | Financial Services | |
| Omega Healthcare Investors, Inc. | 0.15 | 0.17 | 0.17 | 90 | Real Estate |
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