Looking to diversify beyond JHPI? The ETFs below have historically moved differently from JHPI, 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 JHPI
285 ETFs have low correlation with JHPI (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.24 | — | 51 | Cryptocurrency | JHPI vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | JHPI vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.28 | -0.27 | -0.23 | 51 | Nontraditional Bonds | JHPI vs RISR | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.04 | 66 | Oil & Gas | JHPI vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.03 | 0.07 | 51 | Oil & Gas | JHPI vs DBO |
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