Looking to diversify beyond NJAN? The ETFs below have the lowest correlation with NJAN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NJAN.
Best Diversifiers for NJAN
207 ETFs have low correlation with NJAN (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | NJAN vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 99 | Ultrashort Bond | NJAN vs BAMU | |
| Alerian Energy Infrastructure ETF | -0.15 | 0.16 | 0.29 | 73 | Energy Equities | NJAN vs ENFR | |
| VanEck Energy Income ETF | -0.15 | 0.16 | 0.28 | 78 | Energy Equities | NJAN vs EINC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 96 | Inflation-Protected Bonds | NJAN vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NJAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NJAN and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.03 | 0.19 | 0.23 | 80 | Healthcare | |
| AppLovin Corporation | 0.44 | 0.48 | 0.54 | 65 | Communication Services | |
| Bloom Energy Corporation | 0.44 | 0.39 | 0.46 | 98 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.46 | 0.52 | 0.58 | 75 | Technology | |
| Alphabet Inc. Class A | 0.54 | 0.54 | 0.67 | 96 | Communication Services |
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