29 Stocks and 71 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 |
|---|---|---|---|---|---|
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.75 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.64 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.55 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.51 |
| ASIC | Ategrity Specialty Holdings LLC | $969M | Financial Services | Insurance - Property & Casualty | -0.49 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.47 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.46 |
| UMAC | Unusual Machines Inc | $900M | Technology | Computer Hardware | -0.44 |
| HPAI | Helport AI Ltd | $33M | Technology | Software - Infrastructure | -0.43 |
| FRBNU | Forbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War) | $316M | N/A | N/A | -0.43 |
| SCAG | Scage Future | $38M | Industrials | Farm & Heavy Construction Machinery | -0.43 |
| IROHR | CN Healthy Food Tech Group Corp | $35M | N/A | N/A | -0.43 |
| SMXT | SolarMax Technology Inc | $31M | Technology | Solar | -0.42 |
| NOEM | CO2 Energy Transition Corp | $72M | Financial Services | Shell Companies | -0.42 |
| DEC | N/A | $1.05B | Energy | Oil & Gas Integrated | -0.41 |
| GIBO | GIBO Holdings Ltd | $42M | Communication Services | Internet Content & Information | -0.41 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.41 |
| OTF | Blue Owl Technology Finance Corp | $4.94B | Financial Services | Asset Management | -0.41 |
| ANSC | Agriculture & Natural Solutions Acquisition Corp - Class A | $375M | Financial Services | Shell Companies | -0.40 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.40 |
| BOW | Bowhead Specialty Holdings Inc | $886M | Financial Services | Insurance - Property & Casualty | -0.39 |
| FTRK | Fast Track Group. | $8.26M | Communication Services | Entertainment | -0.38 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.38 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.37 |
| YAAS | Youxin Technology Ltd - Class A | $8.49M | Technology | Software - Application | -0.37 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.37 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.36 |
| BYAH | Park Ha Biological Technology Co Ltd | $917K | Consumer Defensive | Household & Personal Products | -0.36 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.36 |