Looking to balance out your exposure to JANX? The ETFs below have the lowest correlation with JANX — they tend to move on their own, which can help reduce risk when JANX drops. The stock ideas table highlights individual companies that behave independently from JANX.
No Diversifiers Found for JANX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JANX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JANX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.04 | 0.06 | 0.09 | 59 | Communication Services | |
| AST SpaceMobile, Inc. | 0.16 | 0.17 | — | 91 | Communication Services | |
| NVIDIA Corporation | 0.21 | 0.17 | — | 78 | Technology | |
| Bristol-Myers Squibb Company | 0.29 | 0.23 | 0.18 | 63 | Healthcare | |
| Eli Lilly and Company | 0.30 | 0.20 | 0.15 | 72 | Healthcare |
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