Looking to balance out your exposure to JOYY? The ETFs below have the lowest correlation with JOYY — they tend to move on their own, which can help reduce risk when JOYY drops. The stock ideas table highlights individual companies that behave independently from JOYY.
No Diversifiers Found for JOYY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JOYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JOYY and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.07 | 0.12 | 0.19 | 69 | Technology | |
| Deluxe Corporation | 0.08 | 0.15 | 0.18 | 80 | Communication Services | |
| Huazhu Group Limited | 0.14 | 0.33 | 0.46 | 71 | Consumer Cyclical | |
| AGNC Investment Corp. | 0.20 | 0.22 | 0.25 | 77 | Real Estate |
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