Looking to balance out your exposure to JNJ? The ETFs below have the lowest correlation with JNJ — they tend to move on their own, which can help reduce risk when JNJ drops. The stock ideas table highlights individual companies that behave independently from JNJ.
Best Diversifiers for JNJ
246 ETFs have low correlation with JNJ (below 0.3), 113 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of -0.25, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.25 | -0.15 | 0.03 | 65 | Leveraged Equities, Technology Equities | JNJ vs TECL | |
| Global X Artificial Intelligence & Technology ETF | -0.24 | -0.14 | -0.01 | 58 | Technology Equities | JNJ vs AIQ | |
| State Street Technology Select Sector SPDR ETF | -0.24 | -0.15 | 0.03 | 66 | Technology Equities | JNJ vs XLK | |
| iShares U.S. Technology ETF | -0.24 | -0.17 | 0.01 | 59 | Technology Equities | JNJ vs IYW | |
| Vanguard Information Technology ETF | -0.23 | -0.16 | 0.02 | 58 | Technology Equities | JNJ vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JNJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNJ and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.28 | -0.20 | -0.09 | 65 | Technology | |
| Innodata Inc. | -0.27 | -0.13 | -0.07 | 70 | Technology | |
| Dave Inc. | -0.24 | -0.12 | -0.03 | 63 | Technology | |
| Palo Alto Networks, Inc. | -0.23 | -0.13 | -0.05 | 69 | Technology | |
| AppLovin Corporation | -0.21 | -0.22 | -0.09 | 60 | Communication Services |
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