Looking to diversify beyond JHMM? The ETFs below have historically moved differently from JHMM, 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 JHMM
316 ETFs have low correlation with JHMM (below 0.3), 59 of which are negatively correlated.
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 | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | JHMM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | JHMM vs SMST | |
| ProShares Short Bitcoin ETF | -0.39 | -0.34 | — | 61 | Cryptocurrency | JHMM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | JHMM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | JHMM vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JHMM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Take-Two Interactive Software, Inc. (TTWO) (Communication Services) with a 1Y correlation of 0.20, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Take-Two Interactive Software, Inc. | 0.20 | 0.33 | 0.41 | 52 | Communication Services | |
| Telefônica Brasil S.A. | 0.30 | 0.25 | 0.27 | 65 | Communication Services | |
| Apple Inc | 0.31 | 0.36 | 0.51 | 89 | Technology | |
| Intel Corporation | 0.39 | 0.44 | 0.52 | 98 | Technology |
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