Looking to balance out your exposure to JRS? The ETFs below have historically moved differently from JRS, 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 JRS
1 ETFs have low correlation with JRS (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 0.26, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.43 | 0.55 | 72 | S&P 500 | JRS vs SPY | |
| Pacer Global Cash Cows Dividend ETF | 0.31 | 0.45 | 0.50 | 86 | Large Cap Value Equities, Dividend | JRS vs GCOW | |
| State Street SPDR Bloomberg High Yield Bond ETF | 0.44 | 0.53 | 0.57 | 60 | High Yield Bonds | JRS vs JNK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JRS, 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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.06, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.06 | 0.28 | 0.41 | 89 | Financial Services | |
| International Seaways, Inc. | 0.08 | 0.05 | 0.09 | 98 | Industrials | |
| BlackRock Science and Technology Trust | 0.14 | 0.27 | 0.41 | 84 | Financial Services | |
| Cincinnati Financial Corporation | 0.35 | 0.39 | 0.44 | 74 | Financial Services | |
| DNP Select Income Fund Inc. | 0.38 | 0.42 | 0.42 | 87 | Financial Services |
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