Looking to diversify beyond JANW? The ETFs below have the lowest correlation with JANW — 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 JANW.
Best Diversifiers for JANW
382 ETFs have low correlation with JANW (below 0.3), 80 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.43 | -0.43 | 60 | Inverse Equities | JANW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.42 | -0.42 | 68 | Inverse Equities, Leveraged Equities | JANW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | -0.35 | 57 | Cryptocurrency | JANW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JANW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | -0.45 | -0.45 | 70 | Derivative Income | JANW vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JANW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JANW and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.01 | 0.04 | 0.13 | 54 | Consumer Defensive | |
| Nestlé S.A. | 0.06 | 0.07 | 0.20 | 60 | Consumer Defensive |
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