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
1448 ETFs have low correlation with JPST (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.35 | -0.28 | 51 | Currency | JPST vs UUP | |
| ProShares UltraShort Yen | -0.33 | -0.38 | -0.35 | 72 | Leveraged Currency | JPST vs YCS | |
| Invesco DB Energy Fund | -0.29 | -0.13 | -0.10 | 53 | Oil & Gas | JPST vs DBE | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 71 | Systematic Trend | JPST vs FFUT | |
| United States Gasoline Fund LP | -0.28 | -0.15 | -0.10 | 78 | Oil & Gas | JPST vs UGA |
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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 -0.22, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.22 | -0.06 | -0.07 | 75 | Energy | |
| ConocoPhillips Company | -0.22 | -0.09 | -0.08 | 66 | Energy | |
| Chevron Corporation | -0.21 | -0.05 | -0.07 | 70 | Energy | |
| Suncor Energy Inc. | -0.20 | -0.06 | -0.06 | 89 | Energy | |
| Enterprise Products Partners L.P. | -0.16 | 0.02 | -0.00 | 87 | Energy |
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