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), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.02 | 0.01 | 100 | Ultrashort Bond | JNPR vs SGOV | |
| VanEck Semiconductor ETF | 0.05 | 0.19 | 0.37 | 96 | Semiconductors, Technology Equities | JNPR vs SMH | |
| Vanguard S&P 500 ETF | 0.17 | 0.24 | 0.46 | 74 | S&P 500 | JNPR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.25 | 0.46 | 74 | 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 -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DHT Holdings, Inc. | -0.14 | 0.06 | 0.13 | 82 | Energy | |
| CF Industries Holdings, Inc. | -0.04 | 0.08 | 0.17 | 63 | Basic Materials | |
| InterDigital, Inc. | -0.01 | 0.16 | 0.30 | 53 | Communication Services | |
| Walmart Inc. | 0.00 | 0.05 | 0.18 | 66 | Consumer Defensive | |
| Northrop Grumman Corporation | 0.01 | 0.06 | 0.18 | 54 | Industrials |
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