Looking to balance out your exposure to JOBY? The ETFs below have the lowest correlation with JOBY — they tend to move on their own, which can help reduce risk when JOBY drops. The stock ideas table highlights individual companies that behave independently from JOBY.
Best Diversifiers for JOBY
5 ETFs have low correlation with JOBY (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 -0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.02 | — | 100 | Ultrashort Bond | JOBY vs SGOV | |
| iShares Core High Dividend ETF | 0.07 | 0.20 | — | 64 | Dividend, Large Cap Value Equities | JOBY vs HDV | |
| iShares MSCI Japan Small Cap ETF | 0.25 | 0.27 | — | 53 | Japan Equities | JOBY vs SCJ | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.35 | 0.36 | 80 | Dividend | JOBY vs SCHD | |
| WisdomTree Japan Hedged Equity Fund | 0.29 | 0.28 | 0.30 | 88 | Japan Equities | JOBY vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JOBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JOBY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.01 | — | 69 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.06 | 0.05 | — | 80 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.02 | 0.17 | — | 78 | Consumer Cyclical | |
| Iberdrola SA | 0.03 | 0.12 | 0.15 | 82 | Utilities | |
| Enterprise Products Partners L.P. | 0.05 | 0.17 | — | 85 | Energy |
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