Looking to diversify beyond JHML? The ETFs below have the lowest correlation with JHML — 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 JHML.
Best Diversifiers for JHML
343 ETFs have low correlation with JHML (below 0.3), 67 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.11 | 71 | Oil & Gas | JHML vs DBE | |
| United States Oil Fund LP | -0.31 | -0.05 | 0.09 | 66 | Oil & Gas | JHML vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.04 | 0.09 | 65 | Oil & Gas | JHML vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.01 | 0.12 | 56 | Oil & Gas | JHML vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.07 | -0.07 | 56 | Derivative Income | JHML vs USOY |
See all 2180 diversifiers for JHML
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