Looking to balance out your exposure to JNJ? The ETFs below have historically moved differently from JNJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JNJ
295 ETFs have low correlation with JNJ (below 0.3), 178 of which are negatively correlated. The least correlated is iShares Expanded Tech Sector ETF (IGM) (Technology Equities) with a 1Y correlation of -0.31, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Expanded Tech Sector ETF | -0.31 | -0.20 | -0.02 | 54 | Technology Equities | JNJ vs IGM | |
| iShares U.S. Technology ETF | -0.31 | -0.21 | -0.02 | 51 | Technology Equities | JNJ vs IYW | |
| Fidelity MSCI Information Technology Index ETF | -0.30 | -0.19 | -0.01 | 52 | Technology Equities | JNJ vs FTEC | |
| State Street Technology Select Sector SPDR ETF | -0.30 | -0.18 | 0.00 | 55 | Technology Equities | JNJ vs XLK | |
| Vanguard Information Technology ETF | -0.30 | -0.19 | -0.01 | 52 | Technology Equities | JNJ vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JNJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.27, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.27 | -0.21 | -0.09 | 80 | Technology | |
| Innodata Inc. | -0.27 | -0.14 | -0.08 | 56 | Technology | |
| Broadcom Inc. | -0.26 | -0.22 | -0.06 | 67 | Technology | |
| Adeia Inc | -0.24 | -0.07 | -0.01 | 87 | Technology | |
| Dave Inc. | -0.23 | -0.12 | -0.04 | 71 | Financial Services |
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