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
204 ETFs have low correlation with JHPI (below 0.3), 21 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.22 | -0.02 | 0.04 | 55 | Oil & Gas | JHPI vs UGA | |
| ProShares UltraShort Yen | -0.19 | -0.22 | -0.19 | 63 | Leveraged Currency | JHPI vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | -0.13 | -0.13 | 97 | Inflation-Protected Bonds | JHPI vs RBIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | -0.05 | -0.05 | 78 | Commodities | JHPI vs ISCMF | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | JHPI vs USFR |
See all 1938 diversifiers for JHPI
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Diversification Analysis
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