8 Stocks and 92 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 -0.9403.
Stocks that lowly correlated with JSMD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.65 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.54 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.51 |
| 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 | -0.46 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.46 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.43 |
| PVLA | Palvella Therapeutics Inc | $1.66B | Healthcare | Biotechnology | -0.43 |