Looking to diversify beyond ETHV? The ETFs below have the lowest correlation with ETHV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ETHV.
Best Diversifiers for ETHV
613 ETFs have low correlation with ETHV (below 0.3), 49 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.12 | -0.03 | -0.03 | 71 | Oil & Gas | ETHV vs DBE | |
| FlexShares Ultra-Short Income ETF | -0.10 | — | — | 99 | Ultrashort Bond | ETHV vs RAVI | |
| United States Gasoline Fund LP | -0.09 | — | — | 70 | Oil & Gas | ETHV vs UGA | |
| United States Oil Fund LP | -0.09 | — | — | 66 | Oil & Gas | ETHV vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.09 | -0.10 | -0.10 | 98 | Inflation-Protected Bonds | ETHV vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHV and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.04 | 0.07 | 0.07 | 75 | Healthcare | |
| BW LPG Limited | 0.12 | 0.14 | 0.14 | 90 | Industrials | |
| Brookfield Infrastructure Partners LP | 0.19 | — | — | 71 | Utilities | |
| HSBC Holdings plc | 0.27 | 0.28 | 0.28 | 90 | Financial Services | |
| Symbotic Inc | 0.30 | — | — | 65 | Industrials |
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