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
134 ETFs have low correlation with SJNK (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.25 | -0.22 | 61 | Leveraged Currency | SJNK vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | SJNK vs CSHP | |
| VanEck Commodity Strategy ETF | -0.16 | 0.03 | — | 55 | Commodities | SJNK vs PIT | |
| Brookstone Ultra-Short Bond ETF | -0.16 | 0.03 | 0.03 | 98 | Ultrashort Bond | SJNK vs BAMU | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | SJNK vs IBIC |
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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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.07 | 0.09 | 0.12 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | 0.04 | 0.10 | 83 | Financial Services |
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