Looking to diversify beyond JHML? The ETFs below have historically moved differently from JHML, 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 JHML
323 ETFs have low correlation with JHML (below 0.3), 80 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.44 | -0.44 | 61 | Inverse Equities, Leveraged Equities | JHML vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 52 | Inverse Equities | JHML vs SMST | |
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | — | 61 | Cryptocurrency | JHML vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JHML vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | JHML vs WNTR |
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