Looking to balance out your exposure to JHX? The ETFs below have the lowest correlation with JHX — they tend to move on their own, which can help reduce risk when JHX drops. The stock ideas table highlights individual companies that behave independently from JHX.
Best Diversifiers for JHX
0 ETFs have low correlation with JHX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.36, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.36 | 0.40 | 0.48 | 73 | Nasdaq-100 | JHX vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.49 | 0.55 | 70 | S&P 500 | JHX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JHX and solid risk/return profiles. The least correlated is REX American Resources Corporation (REX) (Basic Materials) with a 1Y correlation of 0.03, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| REX American Resources Corporation | 0.03 | 0.21 | 0.28 | 96 | Basic Materials | |
| Lantheus Holdings, Inc. | 0.13 | 0.21 | 0.28 | 57 | Healthcare | |
| Himax Technologies, Inc. | 0.18 | 0.25 | 0.31 | 92 | Technology | |
| Oceaneering International, Inc. | 0.21 | 0.27 | 0.28 | 88 | Energy | |
| SSR Mining Inc. | 0.28 | 0.22 | 0.21 | 86 | Basic Materials |
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