Looking to balance out your exposure to JAKK? The ETFs below have the lowest correlation with JAKK — they tend to move on their own, which can help reduce risk when JAKK drops. The stock ideas table highlights individual companies that behave independently from JAKK.
Best Diversifiers for JAKK
0 ETFs have low correlation with JAKK (below 0.3), 0 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 0.45, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.41 | 0.43 | 66 | S&P 500 | JAKK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JAKK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JAKK and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | 0.10 | 0.10 | 0.17 | 82 | Energy |
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