Looking to balance out your exposure to SJM? The ETFs below have the lowest correlation with SJM — they tend to move on their own, which can help reduce risk when SJM drops. The stock ideas table highlights individual companies that behave independently from SJM.
Best Diversifiers for SJM
7 ETFs have low correlation with SJM (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Variable Rate Investment Grade ETF (VRIG) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Variable Rate Investment Grade ETF | -0.02 | 0.05 | 0.05 | 99 | Ultrashort Bond | SJM vs VRIG | |
| iShares Floating Rate Bond ETF | -0.01 | 0.06 | 0.05 | 98 | Corporate Bonds | SJM vs FLOT | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.00 | 0.01 | 0.03 | 99 | Corporate Bonds | SJM vs FLTR | |
| Janus Henderson AAA CLO ETF | 0.02 | 0.06 | 0.00 | 98 | CLO | SJM vs JAAA | |
| Fidelity MSCI Energy Index ETF | 0.07 | 0.13 | 0.12 | 64 | Energy Equities | SJM vs FENY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SJM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SJM and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.21, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.21 | -0.20 | -0.16 | 78 | Technology | |
| Lam Research Corporation | -0.13 | -0.10 | -0.08 | 98 | Technology | |
| Flex Ltd. | -0.12 | -0.09 | -0.03 | 98 | Technology | |
| BWX Technologies, Inc. | -0.11 | -0.02 | 0.07 | 70 | Industrials | |
| Twilio Inc. | -0.09 | -0.02 | -0.07 | 81 | Communication Services |
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