Looking to balance out your exposure to JRI? The ETFs below have the lowest correlation with JRI — they tend to move on their own, which can help reduce risk when JRI drops. The stock ideas table highlights individual companies that behave independently from JRI.
Best Diversifiers for JRI
5 ETFs have low correlation with JRI (below 0.3), 0 of which are negatively correlated. The least correlated is Global X MLP ETF (MLPA) (MLPs) with a 1Y correlation of 0.09, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | 0.09 | 0.30 | 0.42 | 50 | MLPs | JRI vs MLPA | |
| iShares Investment Grade Corporate Bond Buywrite S... | 0.19 | 0.29 | — | 52 | Corporate Bonds | JRI vs LQDW | |
| AAM Low Duration Preferred and Income Securities E... | 0.23 | 0.38 | 0.46 | 75 | Preferred Stock/Convertible Bonds | JRI vs PFLD | |
| Pacer Global Cash Cows Dividend ETF | 0.29 | 0.44 | 0.56 | 67 | Large Cap Value Equities, Dividend | JRI vs GCOW | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.30 | — | — | 73 | Nasdaq-100, Dividend | JRI vs GPIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JRI and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.01, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.01 | 0.23 | 0.35 | 83 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | 0.01 | — | 86 | Financial Services | |
| TORM plc | 0.07 | 0.07 | 0.15 | 90 | Energy | |
| International Seaways, Inc. | 0.08 | 0.10 | 0.15 | 98 | Energy | |
| BlackRock Science and Technology Term Trust | 0.22 | 0.34 | 0.48 | 93 | Financial Services |
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Build a portfolio that complements JRI
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