Looking to diversify beyond JHDV? The ETFs below have historically moved differently from JHDV, 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 JHDV
395 ETFs have low correlation with JHDV (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 61 | Cryptocurrency | JHDV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JHDV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 52 | Inverse Equities | JHDV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 61 | Inverse Equities, Leveraged Equities | JHDV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | JHDV vs WNTR |
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