Looking to diversify beyond JPRE? The ETFs below have historically moved differently from JPRE, 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 JPRE
1420 ETFs have low correlation with JPRE (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.26 | — | 59 | Leveraged Currency | JPRE vs YCS | |
| Invesco DB Energy Fund | -0.16 | -0.12 | -0.01 | 53 | Oil & Gas | JPRE vs DBE | |
| United States Gasoline Fund, LP | -0.14 | -0.10 | — | 74 | Oil & Gas | JPRE vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.08 | — | 50 | Commodities | JPRE vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | -0.07 | 0.04 | 58 | Commodities | JPRE vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPRE, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.27, down from 0.45 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.27 | 0.45 | — | 52 | Financial Services | |
| Welltower Inc. | 0.63 | 0.67 | 0.71 | 85 | Real Estate |
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