Looking to diversify beyond JPST? The ETFs below have historically moved differently from JPST, 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 JPST
1608 ETFs have low correlation with JPST (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.39 | -0.36 | 59 | Leveraged Currency | JPST vs YCS | |
| Invesco DB Oil Fund | -0.32 | -0.15 | -0.10 | 51 | Oil & Gas | JPST vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.32 | -0.29 | -0.28 | 51 | Nontraditional Bonds | JPST vs RISR | |
| Invesco DB Energy Fund | -0.30 | -0.15 | -0.10 | 66 | Oil & Gas | JPST vs DBE | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 85 | Systematic Trend, Actively Managed | JPST vs FFUT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPST, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.12 | -0.09 | 73 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.08 | 85 | Energy | |
| BP p.l.c. | -0.22 | -0.08 | -0.07 | 83 | Energy | |
| Chevron Corporation | -0.21 | -0.07 | -0.07 | 79 | Energy | |
| Occidental Petroleum Corporation | -0.19 | -0.06 | -0.07 | 68 | Energy |
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