Looking to diversify beyond JHCB? The ETFs below have the lowest correlation with JHCB — 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 JHCB.
Best Diversifiers for JHCB
444 ETFs have low correlation with JHCB (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.44 | -0.48 | 61 | Leveraged Currency | JHCB vs YCS | |
| Invesco DB Energy Fund | -0.45 | -0.20 | -0.11 | 71 | Oil & Gas | JHCB vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.19 | -0.12 | 65 | Oil & Gas | JHCB vs DBO | |
| United States Brent Oil Fund LP | -0.44 | -0.20 | -0.12 | 65 | Oil & Gas | JHCB vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.43 | -0.19 | -0.11 | 54 | Leveraged Commodities | JHCB vs UCO |
See all 2105 diversifiers for JHCB
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Diversification Analysis
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