25 Stocks and 75 ETFs for diversifying HPI (John Hancock Preferred Income Fund)
The least correlated asset to HPI (John Hancock Preferred Income Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.7994.
Stocks that lowly correlated with HPI
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.65 |
| MAGH | Magnitude International Ltd | $230M | Industrials | Engineering & Construction | -0.58 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.57 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.56 |
| TFIN-P | Triumph Financial Inc Depositary Shares Series C | $531M | Financial Services | Banks - Regional | -0.53 |
| JEM | 707 Cayman Holdings Ltd | $3.49M | Consumer Cyclical | Apparel Retail | -0.53 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.50 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.50 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.46 |
| TGE | Generation Essentials Group - Class A | $370M | Financial Services | Asset Management | -0.45 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.44 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.44 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.44 |
| SMXT | SolarMax Technology Inc | $20M | Technology | Solar | -0.43 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.41 |
| CGTL | Creative Global Technology Holdings Ltd | $6.84M | Consumer Cyclical | Specialty Retail | -0.41 |
| WWACU | Aeries Technology Inc - Units (1 Ord Class A & 1/2 War) | $41M | N/A | N/A | -0.40 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.40 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.40 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.39 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.39 |
| SHLT | SHL Telemedicine Ltd ADR | $39M | Healthcare | Health Information Services | -0.39 |
| BOW | Bowhead Specialty Holdings Inc | $982M | Financial Services | Insurance - Property & Casualty | -0.38 |
| SLXN | Silexion Therapeutics Corp | $3.11M | Healthcare | Biotechnology | -0.38 |
| UMAC | Unusual Machines Inc | $885M | Technology | Computer Hardware | -0.38 |