Looking to diversify beyond JHHY? The ETFs below have historically moved differently from JHHY, 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 JHHY
244 ETFs have low correlation with JHHY (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | -0.37 | 51 | Cryptocurrency | JHHY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | JHHY vs WNTR | |
| Invesco DB Energy Fund | -0.34 | — | — | 66 | Oil & Gas | JHHY vs DBE | |
| ProShares UltraShort Yen | -0.34 | — | — | 59 | Leveraged Currency | JHHY vs YCS | |
| Invesco DB Oil Fund | -0.32 | — | — | 51 | Oil & Gas | JHHY vs DBO |
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