10 Stocks and 90 ETFs for diversifying JSMD (JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF)
The least correlated asset to JSMD (JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.9402.
Stocks that lowly correlated with JSMD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.66 |
| VNMEU | Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War) | $52M | Financial Services | Shell Companies | -0.54 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.51 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.48 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.46 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.46 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.46 |
| PVLA | Palvella Therapeutics Inc | $2.18B | Healthcare | Biotechnology | -0.45 |
| GTERU | Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts) | $53M | Financial Services | Shell Companies | -0.44 |
| OFSSO | OFS Capital Corp | $341M | N/A | N/A | -0.43 |