Looking to balance out your exposure to JRI? The ETFs below have historically moved differently from JRI, 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 JRI
4 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | 0.09 | 0.30 | 0.42 | 57 | MLPs | JRI vs MLPA | |
| AAM Low Duration Preferred and Income Securities E... | 0.22 | 0.36 | 0.45 | 69 | Preferred Stock | JRI vs PFLD | |
| Pacer Global Cash Cows Dividend ETF | 0.27 | 0.43 | 0.55 | 86 | Large Cap Value Equities, Dividend | JRI vs GCOW | |
| State Street Blackstone Senior Loan ETF | 0.29 | 0.38 | 0.49 | 57 | Bank Loan, High Yield Bonds | JRI vs SRLN | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.31 | — | — | 65 | Nasdaq-100, Dividend | JRI vs GPIQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JRI, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.03, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.03 | 0.20 | 0.31 | 82 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.03 | 0.01 | 0.08 | 85 | Financial Services | |
| International Seaways, Inc. | 0.08 | 0.10 | 0.14 | 98 | Industrials | |
| TORM plc | 0.08 | 0.08 | 0.14 | 86 | Energy | |
| BlackRock Science and Technology Term Trust | 0.24 | 0.35 | 0.47 | 89 | Financial Services |
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