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
284 ETFs have low correlation with JNJ (below 0.3), 106 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| REX FANG & Innovation Equity Premium Income ETF | -0.19 | — | — | 54 | Technology Equities | JNJ vs FEPI | |
| iShares U.S. Technology ETF | -0.19 | -0.15 | 0.02 | 75 | Technology Equities | JNJ vs IYW | |
| Vanguard Information Technology ETF | -0.18 | -0.14 | 0.03 | 76 | Technology Equities | JNJ vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.18 | -0.13 | 0.04 | 83 | Technology Equities | JNJ vs XLK | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.10 | -0.07 | 54 | Leveraged Commodities | JNJ vs UCO |
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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 Innodata Inc. (INOD) (Technology) with a 1Y correlation of -0.26, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innodata Inc. | -0.26 | -0.13 | -0.07 | 78 | Technology | |
| CrowdStrike Holdings, Inc. | -0.24 | -0.18 | -0.08 | 70 | Technology | |
| AppLovin Corporation | -0.20 | -0.21 | -0.09 | 59 | Technology | |
| Reddit, Inc. | -0.20 | — | — | 62 | Communication Services | |
| Oracle Corporation | -0.18 | -0.08 | 0.05 | 58 | Technology |
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