Looking to diversify beyond JHID? The ETFs below have the lowest correlation with JHID — 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 JHID.
Best Diversifiers for JHID
282 ETFs have low correlation with JHID (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.29 | — | 75 | Leveraged Currency | JHID vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | JHID vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.30 | -0.30 | 53 | Inverse Equities | JHID vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | JHID vs WNTR | |
| United States Gasoline Fund LP | -0.24 | -0.04 | — | 72 | Oil & Gas | JHID vs UGA |
See all 2048 diversifiers for JHID
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