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
329 ETFs have low correlation with JHCB (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.44 | -0.48 | 63 | Leveraged Currency | JHCB vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.18 | -0.10 | 55 | Oil & Gas | JHCB vs UGA | |
| VanEck Commodity Strategy ETF | -0.31 | -0.09 | -0.08 | 57 | Commodities | JHCB vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.30 | -0.08 | -0.07 | 50 | Commodities | JHCB vs CMDT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.11 | -0.09 | 75 | Commodities | JHCB vs FAAR |
See all 1939 diversifiers for JHCB
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