Looking to balance out your exposure to NJDCY? The ETFs below have the lowest correlation with NJDCY — they tend to move on their own, which can help reduce risk when NJDCY drops. The stock ideas table highlights individual companies that behave independently from NJDCY.
Best Diversifiers for NJDCY
1 ETFs have low correlation with NJDCY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.16, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.28 | 0.40 | 74 | S&P 500 | NJDCY vs SPY |
Diversification Analysis
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