Looking to balance out your exposure to JNPR? The ETFs below have the lowest correlation with JNPR — they tend to move on their own, which can help reduce risk when JNPR drops. The stock ideas table highlights individual companies that behave independently from JNPR.
Best Diversifiers for JNPR
4 ETFs have low correlation with JNPR (below 0.3), 2 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.05, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.05 | 0.18 | 0.36 | 94 | Semiconductors, Technology Equities | JNPR vs SMH | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.01 | 0.01 | 100 | Ultrashort Bond | JNPR vs SGOV | |
| Vanguard S&P 500 ETF | 0.03 | 0.24 | 0.46 | 60 | S&P 500 | JNPR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.24 | 0.46 | 60 | S&P 500 | JNPR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JNPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNPR and solid risk/return profiles. The least correlated is DHT Holdings, Inc. (DHT) (Energy) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DHT Holdings, Inc. | -0.11 | 0.04 | 0.13 | 93 | Energy | |
| NVIDIA Corporation | -0.07 | 0.08 | 0.27 | 70 | Technology | |
| Ralph Lauren Corporation | -0.05 | 0.11 | 0.29 | 83 | Consumer Cyclical | |
| Cboe Global Markets, Inc. | -0.04 | 0.02 | 0.18 | 52 | Financial Services | |
| Palo Alto Networks, Inc. | -0.02 | 0.11 | 0.28 | 69 | Technology |
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