Looking to diversify beyond JPMB? The ETFs below have historically moved differently from JPMB, 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 JPMB
280 ETFs have low correlation with JPMB (below 0.3), 101 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.19 | -0.06 | 72 | Oil & Gas | JPMB vs DBE | |
| United States Oil Fund LP | -0.43 | -0.19 | -0.07 | 55 | Oil & Gas | JPMB vs USO | |
| United States Brent Oil Fund LP | -0.43 | -0.18 | -0.07 | 52 | Oil & Gas | JPMB vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.16 | -0.05 | 58 | Oil & Gas | JPMB vs DBO | |
| United States Gasoline Fund, LP | -0.39 | -0.16 | -0.05 | 87 | Oil & Gas | JPMB vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPMB, 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 JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.27, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.27 | 0.22 | 0.26 | 71 | Financial Services | |
| Bank of America Corporation | 0.30 | 0.29 | 0.31 | 81 | Financial Services |
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