Looking to diversify beyond JPST? The ETFs below have the lowest correlation with JPST — 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 JPST.
Best Diversifiers for JPST
1509 ETFs have low correlation with JPST (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.35 | -0.13 | -0.11 | 65 | Oil & Gas | JPST vs DBO | |
| ProShares UltraShort Yen | -0.35 | -0.39 | -0.35 | 61 | Leveraged Currency | JPST vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | JPST vs USOY | |
| Invesco DB Energy Fund | -0.32 | -0.13 | -0.10 | 71 | Oil & Gas | JPST vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.12 | -0.10 | 54 | Leveraged Commodities | JPST vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPST and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.19, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.19 | -0.04 | -0.07 | 85 | Energy | |
| Chevron Corporation | -0.18 | -0.04 | -0.07 | 83 | Energy | |
| ConocoPhillips Company | -0.18 | -0.07 | -0.07 | 76 | Energy | |
| Suncor Energy Inc. | -0.15 | -0.04 | -0.05 | 95 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | -0.03 | -0.02 | 86 | Energy |
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Build a portfolio that complements JPST
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