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
377 ETFs have low correlation with JSML (below 0.3), 82 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.41 | -0.41 | 56 | Inverse Equities | JSML vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 65 | Inverse Equities, Leveraged Equities | JSML vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.35 | -0.39 | 53 | Cryptocurrency | JSML vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | JSML vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.06 | 0.07 | 57 | Oil & Gas | JSML vs DBE |
See all 2063 diversifiers for JSML
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