Looking to balance out your exposure to JPM.NEO? The ETFs below have the lowest correlation with JPM.NEO — they tend to move on their own, which can help reduce risk when JPM.NEO drops. The stock ideas table highlights individual companies that behave independently from JPM.NEO.
Best Diversifiers for JPM.NEO
0 ETFs have low correlation with JPM.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Equal Weight Banks Index ETF (ZEB.TO) (Financials Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.54 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Equal Weight Banks Index ETF | 0.56 | 0.54 | — | 96 | Financials Equities | JPM.NEO vs ZEB.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPM.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPM.NEO and solid risk/return profiles. The least correlated is Alimentation Couche-Tard Inc. (ATD.TO) (Consumer Cyclical) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alimentation Couche-Tard Inc. | 0.13 | 0.16 | — | 57 | Consumer Cyclical | |
| Cameco Corporation | 0.31 | 0.22 | — | 84 | Energy |
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