32 Stocks and 68 ETFs for diversifying HPS (John Hancock Preferred Income Fund III)
The least correlated asset to HPS (John Hancock Preferred Income Fund III) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8048.
Stocks that lowly correlated with HPS
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| MAGH | Magnitude International Ltd | $230M | Industrials | Engineering & Construction | -0.74 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.69 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.67 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.65 |
| CV | CapsoVision Inc | $315M | Healthcare | Medical Devices | -0.61 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.61 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.57 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.54 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.51 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.51 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.48 |
| YSXT | Ysx Tech Co.Ltd - Class A | $20M | Industrials | Specialty Business Services | -0.48 |
| SLDE | Slide Insurance Holdings Inc | $2.32B | Financial Services | Insurance - Property & Casualty | -0.46 |
| UMAC | Unusual Machines Inc | $885M | Technology | Computer Hardware | -0.44 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.43 |
| FRBNU | Forbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War) | $316M | N/A | N/A | -0.43 |
| IROHR | CN Healthy Food Tech Group Corp | $35M | N/A | N/A | -0.43 |
| ASIC | Ategrity Specialty Holdings LLC | $1.08B | Financial Services | Insurance - Property & Casualty | -0.42 |
| ANSC | Agriculture & Natural Solutions Acquisition Corp - Class A | $377M | Financial Services | Shell Companies | -0.41 |
| OTF | Blue Owl Technology Finance Corp | $4.79B | Financial Services | Asset Management | -0.41 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.41 |
| HERZ | Herzfeld Credit Income Fund Inc Com | $230M | Financial Services | Asset Management | -0.40 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.40 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.39 |
| SMXT | SolarMax Technology Inc | $20M | Technology | Solar | -0.39 |
| FTRK | Fast Track Group. | $9.53M | Communication Services | Entertainment | -0.39 |
| GRAN | Grande Group Ltd - Class A | $35M | Financial Services | Capital Markets | -0.38 |
| JEM | 707 Cayman Holdings Ltd | $3.49M | Consumer Cyclical | Apparel Retail | -0.38 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.38 |
| HPAI | Helport AI Ltd | $21M | Technology | Software - Infrastructure | -0.38 |
| BYAH | Park Ha Biological Technology Co Ltd | $917K | Consumer Defensive | Household & Personal Products | -0.37 |
| YAAS | Youxin Technology Ltd - Class A | $8.49M | Technology | Software - Application | -0.37 |