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), 153 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | JNJ vs MUU | |
| iShares Expanded Tech Sector ETF | -0.29 | -0.20 | -0.01 | 62 | Technology Equities | JNJ vs IGM | |
| iShares U.S. Technology ETF | -0.29 | -0.20 | -0.01 | 60 | Technology Equities | JNJ vs IYW | |
| Direxion Daily Technology Bull 3X Shares | -0.29 | -0.17 | 0.01 | 56 | Leveraged Equities, Technology Equities | JNJ vs TECL | |
| Fidelity MSCI Information Technology Index ETF | -0.29 | -0.19 | 0.00 | 58 | Technology Equities | JNJ vs FTEC |
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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 -0.27, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.27 | -0.20 | -0.08 | 77 | Technology | |
| Innodata Inc. | -0.26 | -0.14 | -0.07 | 63 | Technology | |
| Broadcom Inc. | -0.24 | -0.21 | -0.05 | 71 | Technology | |
| Dave Inc. | -0.22 | -0.12 | -0.03 | 80 | Technology | |
| Palo Alto Networks, Inc. | -0.22 | -0.13 | -0.05 | 84 | Technology |
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