Looking to balance out your exposure to JHG? The ETFs below have the lowest correlation with JHG — they tend to move on their own, which can help reduce risk when JHG drops. The stock ideas table highlights individual companies that behave independently from JHG.
Best Diversifiers for JHG
2 ETFs have low correlation with JHG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of 0.17, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | 0.17 | 0.33 | 0.40 | 50 | Health & Biotech Equities | JHG vs XLV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.27 | 0.46 | — | 60 | Nasdaq-100, Derivative Income | JHG vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.59 | 0.66 | 65 | S&P 500 | JHG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JHG and solid risk/return profiles. The least correlated is TIM S.A. (TIMB) (Communication Services) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TIM S.A. | 0.07 | 0.16 | 0.21 | 70 | Communication Services | |
| Warrior Met Coal, Inc. | 0.07 | 0.21 | 0.23 | 79 | Basic Materials | |
| Teekay Tankers Ltd. | 0.08 | 0.06 | 0.12 | 86 | Energy | |
| Tenaris S.A. | 0.09 | 0.29 | 0.33 | 88 | Energy | |
| Perdoceo Education Corporation | 0.10 | 0.23 | 0.33 | 56 | Consumer Defensive |
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