Looking to diversify beyond PJP? The ETFs below have the lowest correlation with PJP — 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 PJP.
Best Diversifiers for PJP
587 ETFs have low correlation with PJP (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.12 | -0.08 | 63 | Leveraged Currency | PJP vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.11 | -0.01 | 55 | Oil & Gas | PJP vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PJP vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.19 | -0.07 | -0.04 | 100 | Ultrashort Bond | PJP vs SGOV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | PJP vs IBIC |
See all 1456 diversifiers for PJP
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PJP
Add PJP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PJP