Looking to diversify beyond JHMD? The ETFs below have the lowest correlation with JHMD — 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 JHMD.
Best Diversifiers for JHMD
272 ETFs have low correlation with JHMD (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.30 | -0.25 | 67 | Leveraged Currency | JHMD vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 53 | Inverse Equities | JHMD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | JHMD vs MSTZ | |
| Invesco DB Energy Fund | -0.32 | -0.10 | 0.08 | 58 | Oil & Gas | JHMD vs DBE | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 69 | Derivative Income | JHMD vs WNTR |
See all 2142 diversifiers for JHMD
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