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
313 ETFs have low correlation with JHMD (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.30 | -0.25 | 61 | Leveraged Currency | JHMD vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.09 | 0.09 | 71 | Oil & Gas | JHMD vs DBE | |
| United States Oil Fund LP | -0.37 | -0.08 | 0.09 | 66 | Oil & Gas | JHMD vs USO | |
| Invesco DB Oil Fund | -0.33 | -0.06 | 0.10 | 65 | Oil & Gas | JHMD vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | -0.11 | -0.11 | 56 | Derivative Income | JHMD vs USOY |
See all 2105 diversifiers for JHMD
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