Looking to diversify beyond JVAL? The ETFs below have historically moved differently from JVAL, 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 JVAL
324 ETFs have low correlation with JVAL (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged 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 | -0.43 | -0.36 | — | 51 | Cryptocurrency | JVAL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | JVAL vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.11 | 66 | Oil & Gas | JVAL vs DBE | |
| United States Gasoline Fund, LP | -0.22 | -0.05 | 0.09 | 83 | Oil & Gas | JVAL vs UGA | |
| Invesco DB Oil Fund | -0.21 | -0.03 | 0.11 | 51 | Oil & Gas | JVAL vs DBO |
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