Looking to diversify beyond JPSE? The ETFs below have the lowest correlation with JPSE — 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 JPSE.
Best Diversifiers for JPSE
329 ETFs have low correlation with JPSE (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | -0.38 | 57 | Cryptocurrency | JPSE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JPSE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | JPSE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.38 | -0.38 | 60 | Inverse Equities | JPSE vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | JPSE vs WNTR |
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