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
7 ETFs have low correlation with JOBY (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.05 | 0.03 | 0.07 | 61 | Commodities | JOBY vs PDBC | |
| iShares Core High Dividend ETF | -0.04 | 0.15 | — | 81 | Dividend, Large Cap Value Equities | JOBY vs HDV | |
| Vanguard Energy ETF | -0.02 | 0.15 | 0.18 | 56 | Energy Equities | JOBY vs VDE | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.00 | — | 100 | Ultrashort Bond | JOBY vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.32 | — | 89 | Dividend | JOBY vs SCHD |
To view more results, upgrade your current subscription plan.
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 -0.22, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.03 | 0.01 | 77 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.12 | 0.03 | 0.09 | 85 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.06 | 0.14 | 0.18 | 86 | Energy | |
| The TJX Companies, Inc. | -0.06 | 0.14 | — | 81 | Consumer Cyclical | |
| MPLX LP | 0.01 | 0.15 | 0.18 | 80 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JOBY
Add JOBY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JOBY