Looking to balance out your exposure to JRONY? The ETFs below have the lowest correlation with JRONY — they tend to move on their own, which can help reduce risk when JRONY drops. The stock ideas table highlights individual companies that behave independently from JRONY.
Best Diversifiers for JRONY
1 ETFs have low correlation with JRONY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.19 | 0.23 | 70 | S&P 500 | JRONY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JRONY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JRONY and solid risk/return profiles. The least correlated is Wheaton Precious Metals Corp. (WPM) (Basic Materials) with a 1Y correlation of 0.24, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wheaton Precious Metals Corp. | 0.24 | 0.21 | 0.20 | 64 | Basic Materials |
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