Looking to diversify beyond JHMB? The ETFs below have historically moved differently from JHMB, 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 JHMB
1170 ETFs have low correlation with JHMB (below 0.3), 105 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.26 | — | 66 | Oil & Gas | JHMB vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.24 | — | 51 | Oil & Gas | JHMB vs DBO | |
| United States Gasoline Fund, LP | -0.41 | -0.23 | — | 83 | Oil & Gas | JHMB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.20 | — | 61 | Commodities | JHMB vs GSG | |
| ProShares UltraShort Yen | -0.39 | -0.45 | — | 59 | Leveraged Currency | JHMB vs YCS |
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