Looking to diversify beyond JHCB? The ETFs below have historically moved differently from JHCB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JHCB
425 ETFs have low correlation with JHCB (below 0.3), 110 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.45 | -0.23 | -0.12 | 52 | Oil & Gas | JHCB vs BNO | |
| ProShares UltraShort Yen | -0.45 | -0.45 | -0.47 | 56 | Leveraged Currency | JHCB vs YCS | |
| United States Oil Fund LP | -0.45 | -0.23 | -0.12 | 55 | Oil & Gas | JHCB vs USO | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.11 | 72 | Oil & Gas | JHCB vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.22 | -0.11 | 58 | Oil & Gas | JHCB vs DBO |
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