Looking to diversify beyond JHEM? The ETFs below have the lowest correlation with JHEM — 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 JHEM.
Best Diversifiers for JHEM
324 ETFs have low correlation with JHEM (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.02 | 0.11 | 71 | Oil & Gas | JHEM vs DBE | |
| United States Brent Oil Fund LP | -0.29 | 0.00 | 0.10 | 65 | Oil & Gas | JHEM vs BNO | |
| ProShares UltraShort Yen | -0.28 | -0.20 | -0.17 | 67 | Leveraged Currency | JHEM vs YCS | |
| Invesco DB Oil Fund | -0.27 | 0.01 | 0.12 | 65 | Oil & Gas | JHEM vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | 0.02 | 0.12 | 55 | Oil & Gas | JHEM vs OILK |
See all 1928 diversifiers for JHEM
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