Looking to diversify beyond JHMM? The ETFs below have the lowest correlation with JHMM — 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 JHMM.
Best Diversifiers for JHMM
291 ETFs have low correlation with JHMM (below 0.3), 41 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 60 | Inverse Equities, Leveraged Equities | JHMM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | JHMM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | JHMM vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.03 | 0.11 | 72 | Oil & Gas | JHMM vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | JHMM vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JHMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JHMM and solid risk/return profiles. The least correlated is Telefônica Brasil S.A. (VIV) (Communication Services) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telefônica Brasil S.A. | 0.27 | 0.25 | 0.27 | 73 | Communication Services | |
| Apple Inc | 0.30 | 0.36 | 0.51 | 90 | Technology | |
| Intel Corporation | 0.36 | 0.43 | 0.50 | 98 | Technology |
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