Looking to diversify beyond SJNK? The ETFs below have the lowest correlation with SJNK — 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 SJNK.
Best Diversifiers for SJNK
171 ETFs have low correlation with SJNK (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.39 | -0.40 | 51 | Currency | SJNK vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.42 | -0.42 | 68 | Inverse Equities, Leveraged Equities | SJNK vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | -0.34 | 57 | Cryptocurrency | SJNK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SJNK vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SJNK vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SJNK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SJNK and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of 0.01, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | 0.01 | 0.20 | 0.26 | 70 | Real Estate | |
| Oxford Lane Capital Corp. | 0.10 | 0.10 | 0.12 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | 0.04 | 0.10 | 88 | Financial Services | |
| Berkshire Hathaway Inc. | 0.15 | 0.31 | 0.42 | 53 | Financial Services |
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