Looking to balance out your exposure to JSPR? The ETFs below have the lowest correlation with JSPR — they tend to move on their own, which can help reduce risk when JSPR drops. The stock ideas table highlights individual companies that behave independently from JSPR.
Best Diversifiers for JSPR
3 ETFs have low correlation with JSPR (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.14 | — | 77 | Dividend | JSPR vs SCHD | |
| Invesco QQQ ETF | 0.23 | 0.23 | — | 59 | Nasdaq-100 | JSPR vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.26 | — | 60 | S&P 500 | JSPR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JSPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JSPR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, roughly unchanged from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.12 | — | 74 | Consumer Defensive | |
| General Dynamics Corporation | 0.14 | 0.12 | — | 75 | Industrials | |
| NVIDIA Corporation | 0.14 | 0.19 | — | 70 | Technology | |
| IAMGOLD Corporation | 0.17 | 0.12 | — | 83 | Basic Materials |
Build a portfolio that complements JSPR
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