Looking to diversify beyond NJUL? The ETFs below have the lowest correlation with NJUL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NJUL.
Best Diversifiers for NJUL
225 ETFs have low correlation with NJUL (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.06 | 71 | Oil & Gas | NJUL vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.04 | 0.04 | 65 | Oil & Gas | NJUL vs BNO | |
| Invesco DB Oil Fund | -0.19 | -0.02 | 0.06 | 65 | Oil & Gas | NJUL vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | NJUL vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | -0.01 | -0.01 | 97 | Inflation-Protected Bonds | NJUL vs IBID |
See all 1195 diversifiers for NJUL
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