Looking to diversify beyond SJNK? The ETFs below have historically moved differently from SJNK, 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 SJNK
212 ETFs have low correlation with SJNK (below 0.3), 88 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | SJNK vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 61 | Cryptocurrency | SJNK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SJNK vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | SJNK vs WNTR | |
| Invesco DB Energy Fund | -0.35 | -0.10 | 0.06 | 72 | Oil & Gas | SJNK vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SJNK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.00, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.00 | 0.19 | 0.26 | 68 | Real Estate | |
| Oxford Lane Capital Corp. | 0.07 | 0.11 | 0.12 | 97 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.10 | 0.04 | 0.10 | 86 | Financial Services | |
| Berkshire Hathaway Inc. | 0.13 | 0.31 | 0.42 | 61 | Financial Services | |
| Bristol-Myers Squibb Company | 0.13 | 0.14 | 0.16 | 92 | Healthcare |
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