Looking to balance out your exposure to JPM? The ETFs below have the lowest correlation with JPM — they tend to move on their own, which can help reduce risk when JPM drops. The stock ideas table highlights individual companies that behave independently from JPM.
Best Diversifiers for JPM
83 ETFs have low correlation with JPM (below 0.3), 12 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.12 | 0.01 | 0.12 | 54 | Leveraged Commodities | JPM vs UCO | |
| United States Oil Fund LP | -0.11 | 0.01 | 0.11 | 66 | Oil & Gas | JPM vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.00 | 100 | Government Bonds, Ultrashort Bond | JPM vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | 0.00 | 100 | Ultrashort Bond | JPM vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | -0.01 | 0.01 | 93 | Inflation-Protected Bonds | JPM vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.14 | 0.24 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | 0.09 | 0.21 | 66 | Consumer Defensive | |
| PBF Energy Inc. | -0.03 | 0.12 | 0.22 | 83 | Energy | |
| Coterra Energy Inc. | -0.02 | 0.22 | 0.28 | 79 | Energy | |
| Exxon Mobil Corporation | -0.02 | 0.19 | 0.30 | 85 | Energy |
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Build a portfolio that complements JPM
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