Looking to diversify beyond JSML? The ETFs below have historically moved differently from JSML, 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 JSML
392 ETFs have low correlation with JSML (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 51 | Cryptocurrency | JSML vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | JSML vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.06 | 66 | Oil & Gas | JSML vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.15 | -0.09 | 51 | Nontraditional Bonds | JSML vs RISR | |
| Invesco DB Oil Fund | -0.23 | -0.03 | 0.07 | 51 | Oil & Gas | JSML vs DBO |
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