Looking to diversify beyond SJB? The ETFs below have historically moved differently from SJB, 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 SJB
1716 ETFs have low correlation with SJB (below 0.3), 1632 of which are negatively correlated. The least correlated is State Street SPDR Bloomberg High Yield Bond ETF (JNK) (High Yield Bonds) with a 1Y correlation of -0.94, roughly unchanged from -0.97 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Bloomberg High Yield Bond ETF | -0.94 | -0.96 | -0.97 | 66 | High Yield Bonds | SJB vs JNK | |
| Xtrackers USD High Yield Corporate Bond ETF | -0.93 | -0.95 | -0.97 | 67 | High Yield Bonds | SJB vs HYLB | |
| iShares Broad USD High Yield Corporate Bond ETF | -0.93 | -0.95 | -0.96 | 67 | High Yield Bonds | SJB vs USHY | |
| iShares iBoxx $ High Yield Corporate Bond ETF | -0.93 | -0.96 | -0.97 | 59 | High Yield Bonds | SJB vs HYG | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | -0.93 | -0.95 | -0.96 | 69 | High Yield Bonds | SJB vs BBHY |
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