Looking to diversify beyond JPME? The ETFs below have the lowest correlation with JPME — 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 JPME.
Best Diversifiers for JPME
323 ETFs have low correlation with JPME (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | -0.34 | 57 | Cryptocurrency | JPME vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JPME vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | JPME vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 60 | Inverse Equities | JPME vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.26 | -0.32 | 51 | Currency | JPME vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPME and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.38 | 0.44 | 0.46 | 93 | Financial Services | |
| JPMorgan Chase & Co. | 0.48 | 0.55 | 0.62 | 69 | Financial Services |
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