Looking to diversify beyond JXI? The ETFs below have historically moved differently from JXI, 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 JXI
1431 ETFs have low correlation with JXI (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.28 | -0.23 | 56 | Leveraged Currency | JXI vs YCS | |
| ProShares Short Bitcoin ETF | -0.17 | -0.14 | — | 61 | Cryptocurrency | JXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.16 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JXI vs SBIT | |
| United States Gasoline Fund LP | -0.15 | -0.09 | 0.02 | 87 | Oil & Gas | JXI vs UGA | |
| Invesco DB Energy Fund | -0.15 | -0.09 | 0.02 | 72 | Oil & Gas | JXI vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JXI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is eBay Inc. (EBAY) (Consumer Cyclical) with a 1Y correlation of 0.01, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| eBay Inc. | 0.01 | 0.21 | 0.27 | 67 | Consumer Cyclical | |
| Broadcom Inc. | 0.05 | 0.03 | 0.16 | 67 | Technology | |
| Amazon.com, Inc | 0.05 | 0.05 | 0.18 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.08 | 0.02 | 0.14 | 56 | Technology | |
| Target Corporation | 0.11 | 0.22 | 0.29 | 84 | Consumer Defensive |
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