Looking to balance out your exposure to JHI? The ETFs below have historically moved differently from JHI, 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 JHI
0 ETFs have low correlation with JHI (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) (Multisector Bonds) with a 1Y correlation of 0.43, roughly unchanged from 0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Multisector Bond Active Exchange-Traded Fund | 0.43 | 0.34 | — | 60 | Multisector Bonds | JHI vs PYLD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JHI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of 0.28, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | 0.28 | 0.28 | 0.27 | 86 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.33 | 0.40 | 0.45 | 61 | Financial Services |
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