Looking to diversify beyond JSCP? The ETFs below have the lowest correlation with JSCP — 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 JSCP.
Best Diversifiers for JSCP
1184 ETFs have low correlation with JSCP (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.46 | -0.48 | 61 | Leveraged Currency | JSCP vs YCS | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 64 | Systematic Trend | JSCP vs FFUT | |
| Bastion Energy ETF | -0.24 | — | — | 75 | Energy Equities | JSCP vs BESF | |
| VanEck Commodity Strategy ETF | -0.21 | -0.09 | — | 55 | Commodities | JSCP vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.09 | -0.06 | 70 | Commodities | JSCP vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JSCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JSCP and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.04 | 0.13 | 76 | Technology | |
| Apple Inc | 0.16 | 0.15 | 0.20 | 88 | Technology | |
| Gilead Sciences, Inc. | 0.18 | 0.13 | 0.14 | 61 | Healthcare | |
| Eli Lilly and Company | 0.21 | 0.08 | 0.10 | 75 | Healthcare |
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