Overview Performance Dividends Correlations

21 Stocks and 79 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 -0.7983.

Stocks that lowly correlated with HPI

Symbol	Name	Market cap	Sector	Industry	Correlation
CHYM	Chime Financial Inc - Class A	$6.59B	Technology	Software - Application	-0.68
JEM	707 Cayman Holdings Ltd	$1.99M	Consumer Cyclical	Apparel Retail	-0.67
OMSE	OMS Energy Technologies Inc	$201M	Energy	Oil & Gas Equipment & Services	-0.58
PROP	Prairie Operating Co. Common Stock	$81M	Energy	Oil & Gas E&p	-0.50
TGE	Generation Essentials Group - Class A	$370M	Financial Services	Asset Management	-0.48
ASIC	Ategrity Specialty Holdings LLC	$969M	Financial Services	Insurance - Property & Casualty	-0.47
NCEW	New Century Logistics (BVI) Ltd	$58M	Industrials	Integrated Freight & Logistics	-0.46
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.45
CHA	Chagee Holdings Ltd	$1.65B	Consumer Cyclical	Restaurants	-0.45
HRYU	Global Interactive Technologies Inc	$760K	Communication Services	Internet Content & Information	-0.44
SMXT	SolarMax Technology Inc	$31M	Technology	Solar	-0.44
RAY	Raytech Holding Ltd	$9.91M	Consumer Defensive	Household & Personal Products	-0.44
BOW	Bowhead Specialty Holdings Inc	$886M	Financial Services	Insurance - Property & Casualty	-0.43
DXYZ	Destiny Tech100 Inc	$629M	Financial Services	Asset Management	-0.42
AZI	Autozi Internet Technology (Global) Ltd - Class A	$9.05M	Consumer Cyclical	Auto & Truck Dealerships	-0.42
WWACU	Aeries Technology Inc - Units (1 Ord Class A & 1/2 War)	$41M	N/A	N/A	-0.40
CGTL	Creative Global Technology Holdings Ltd	$6.55M	Consumer Cyclical	Specialty Retail	-0.40
SHLT	SHL Telemedicine Ltd ADR	$39M	Healthcare	Health Information Services	-0.40
SLXN	Silexion Therapeutics Corp	$1.30M	Healthcare	Biotechnology	-0.38
UMAC	Unusual Machines Inc	$900M	Technology	Computer Hardware	-0.38
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.37

ETFs that lowly correlated with HPI

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.80
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.80
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.77
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.76
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.74
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.74
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.74
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.73
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.73
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.73
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.72
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.72
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.72
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.72
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.71
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.71
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.71
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.71
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.71
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.71
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.71
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.71
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.70
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.70
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.69
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.67
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.67
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.64
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.64
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.64
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.61
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.61
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.60
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.60
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.60
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.58
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.58
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.58
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.57
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.56
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.56
IONZ	Defiance Daily Target 2x Short IONQ ETF	$22M	N/A	Jun 23, 2025	-0.56
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.54
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.54
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.53
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$210M	0.50%	May 10, 2021	-0.53
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.52
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.52
MUD	Direxion Daily MU Bear 1X Shares	$27M	1.02%	Oct 9, 2024	-0.51
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.51
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.51
SDP	ProShares UltraShort Utilities -2x Shares	$4.60M	N/A	Jan 30, 2007	-0.51
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.51
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$40M	N/A	Nov 6, 2008	-0.50
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.48
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.47
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.47
PALD	Direxion Daily PANW Bear 1X Shares	$2.40M	1.02%	Feb 10, 2025	-0.46
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.46
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$1.10B	N/A	Nov 24, 2008	-0.45
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.45
AIBD	DIREXION DAILY AI AND BIG DATA BEAR 2X SHARES	$4.20M	N/A	May 15, 2024	-0.45
NVDQ	T-Rex 2X Inverse NVIDIA Daily Target ETF	$36M	N/A	Oct 18, 2023	-0.44
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$6.90M	1.03%	Oct 9, 2024	-0.44
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$14M	1.11%	Aug 14, 2024	-0.43
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.50M	N/A	Apr 6, 2010	-0.43
MMKT	TEXAS CAPITAL GOVERNMENT MONEY MARKET ETF	$70M	0.20%	Sep 24, 2024	-0.42
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$75M	N/A	Aug 21, 2023	-0.42
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.42
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$228M	1.04%	Sep 30, 2021	-0.42
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$23M	1.01%	Sep 12, 2023	-0.41
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3M	N/A	Jun 16, 2009	-0.41
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.40
FNGD	Bank of Montreal	$68M	N/A	Jan 22, 2018	-0.40
SOFR	Amplify Samsung SOFR ETF	$423M	0.20%	Nov 14, 2023	-0.38
AMDD	T-REX 2X INVERSE AMD DAILY TARGET ETF	$21M	1.03%	Feb 11, 2025	-0.38
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.38
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.37
SMCZ	DEFIANCE DAILY TARGET 2X SHORT SMCI ETF	$4.80M	N/A	Mar 31, 2025	-0.37