Looking to diversify beyond NJAN? The ETFs below have historically moved differently from NJAN, 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 NJAN
259 ETFs have low correlation with NJAN (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.35 | — | 61 | Cryptocurrency | NJAN vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.09 | — | 56 | Options Trading | NJAN vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.09 | 0.01 | 72 | Oil & Gas | NJAN vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.08 | 0.01 | 52 | Oil & Gas | NJAN vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | NJAN vs IBIC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NJAN, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.08, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.08 | 0.14 | 0.34 | 61 | Financial Services | |
| Eli Lilly and Company | -0.02 | 0.18 | 0.21 | 83 | Healthcare | |
| Visa Inc. | 0.10 | 0.28 | 0.45 | 53 | Financial Services | |
| CrowdStrike Holdings, Inc. | 0.44 | 0.49 | 0.55 | 80 | Technology | |
| Bloom Energy Corporation | 0.47 | 0.40 | 0.46 | 97 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NJAN
Add NJAN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NJAN