Looking to diversify beyond PJAN? The ETFs below have historically moved differently from PJAN, 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 PJAN
295 ETFs have low correlation with PJAN (below 0.3), 81 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | PJAN vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.34 | — | 51 | Cryptocurrency | PJAN vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.03 | 66 | Oil & Gas | PJAN vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.03 | 51 | Oil & Gas | PJAN vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.06 | 0.03 | 83 | Oil & Gas | PJAN vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PJAN, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.18 | 0.02 | 0.15 | 66 | Communication Services | |
| Realty Income Corporation | -0.06 | 0.12 | 0.28 | 74 | Real Estate | |
| Nestlé S.A. | 0.05 | 0.09 | 0.21 | 68 | Consumer Defensive |
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