Looking to diversify beyond JHPI? The ETFs below have the lowest correlation with JHPI — 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 JHPI.
Best Diversifiers for JHPI
258 ETFs have low correlation with JHPI (below 0.3), 53 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | JHPI vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.24 | -0.23 | 57 | Cryptocurrency | JHPI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.30 | -0.30 | 68 | Inverse Equities, Leveraged Equities | JHPI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.30 | -0.30 | 60 | Inverse Equities | JHPI vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | -0.36 | -0.36 | 70 | Derivative Income | JHPI vs WNTR |
See all 2036 diversifiers for JHPI
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