Looking to diversify beyond JSCP? The ETFs below have historically moved differently from JSCP, 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 JSCP
1030 ETFs have low correlation with JSCP (below 0.3), 115 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.46 | -0.48 | 56 | Leveraged Currency | JSCP vs YCS | |
| Invesco DB Oil Fund | -0.36 | -0.20 | -0.09 | 58 | Oil & Gas | JSCP vs DBO | |
| United States Brent Oil Fund LP | -0.36 | -0.21 | -0.10 | 52 | Oil & Gas | JSCP vs BNO | |
| Invesco DB Energy Fund | -0.35 | -0.21 | -0.10 | 72 | Oil & Gas | JSCP vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.21 | -0.09 | 87 | Oil & Gas | JSCP vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JSCP, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.03 | 0.12 | 56 | Technology | |
| Gilead Sciences, Inc. | 0.17 | 0.12 | 0.14 | 65 | Healthcare | |
| Apple Inc | 0.18 | 0.17 | 0.21 | 89 | Technology | |
| Eli Lilly and Company | 0.21 | 0.10 | 0.11 | 83 | Healthcare |
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