Looking to diversify beyond JPXN? The ETFs below have the lowest correlation with JPXN — 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 JPXN.
Best Diversifiers for JPXN
396 ETFs have low correlation with JPXN (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.26 | -0.27 | 61 | Leveraged Currency | JPXN vs YCS | |
| Invesco DB Energy Fund | -0.29 | -0.06 | 0.07 | 71 | Oil & Gas | JPXN vs DBE | |
| United States Oil Fund LP | -0.28 | -0.05 | 0.07 | 66 | Oil & Gas | JPXN vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.04 | 0.07 | 65 | Oil & Gas | JPXN vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | JPXN vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPXN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPXN and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.10, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.10 | 0.10 | 0.19 | 56 | Consumer Defensive | |
| NVIDIA Corporation | 0.32 | 0.36 | 0.43 | 78 | Technology | |
| Alphabet Inc. Class A | 0.39 | 0.36 | 0.44 | 96 | Communication Services |
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