Looking to balance out your exposure to SJT? The ETFs below have historically moved differently from SJT, 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 SJT
3 ETFs have low correlation with SJT (below 0.3), 3 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.04 | 0.10 | 0.19 | 67 | S&P 500 | SJT vs SPY | |
| WisdomTree U.S. Quality Dividend Growth Fund | -0.01 | 0.10 | 0.19 | 59 | Quality Factor, Dividend, Large Cap Growth Equities | SJT vs DGRW | |
| Invesco BulletShares 2029 High Yield Corporate Bon... | -0.01 | 0.06 | — | 65 | High Yield Bonds | SJT vs BSJT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SJT, 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 Ellington Financial Inc. (EFC) (Real Estate) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ellington Financial Inc. | -0.03 | 0.06 | 0.17 | 71 | Real Estate | |
| Delek Logistics Partners, LP | 0.10 | 0.13 | 0.16 | 87 | Energy | |
| CVR Partners, LP | 0.16 | 0.19 | 0.24 | 82 | Basic Materials | |
| Cheniere Energy, Inc. | 0.17 | 0.23 | 0.30 | 57 | Energy | |
| Sabine Royalty Trust | 0.31 | 0.33 | 0.40 | 64 | Energy |
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