Looking to diversify beyond JHDV? The ETFs below have the lowest correlation with JHDV — 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 JHDV.
Best Diversifiers for JHDV
356 ETFs have low correlation with JHDV (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.35 | 57 | Cryptocurrency | JHDV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JHDV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 60 | Inverse Equities | JHDV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | JHDV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | JHDV vs WNTR |
See all 2040 diversifiers for JHDV
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