Looking to diversify beyond JSML? The ETFs below have the lowest correlation with JSML — 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 JSML.
Best Diversifiers for JSML
400 ETFs have low correlation with JSML (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.04 | 0.07 | 71 | Oil & Gas | JSML vs DBE | |
| United States Oil Fund LP | -0.31 | -0.03 | 0.07 | 66 | Oil & Gas | JSML vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.03 | 0.07 | 65 | Oil & Gas | JSML vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 55 | Derivative Income | JSML vs USOY | |
| United States 12 Month Oil Fund LP | -0.26 | -0.00 | 0.09 | 56 | Oil & Gas | JSML vs USL |
See all 2174 diversifiers for JSML
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