Looking to diversify beyond PJAN? The ETFs below have the lowest correlation with PJAN — 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 PJAN.
Best Diversifiers for PJAN
273 ETFs have low correlation with PJAN (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.08 | 0.05 | 71 | Oil & Gas | PJAN vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.04 | 66 | Oil & Gas | PJAN vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.04 | 0.05 | 55 | Oil & Gas | PJAN vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.06 | -0.06 | 56 | Derivative Income | PJAN vs USOY | |
| United States Brent Oil Fund LP | -0.29 | -0.05 | 0.04 | 65 | Oil & Gas | PJAN vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PJAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PJAN and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.11 | 0.04 | 0.16 | 59 | Communication Services | |
| The Hershey Company | 0.05 | 0.08 | 0.14 | 55 | Consumer Defensive |
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