Looking to diversify beyond HAP? The ETFs below have the lowest correlation with HAP — 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 HAP.
Best Diversifiers for HAP
427 ETFs have low correlation with HAP (below 0.3), 31 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.39 | -0.38 | -0.43 | 51 | Currency | HAP vs UUP | |
| ProShares Short Bitcoin ETF | -0.31 | -0.24 | -0.29 | 57 | Cryptocurrency | HAP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HAP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.28 | -0.28 | 68 | Inverse Equities, Leveraged Equities | HAP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.28 | -0.28 | 60 | Inverse Equities | HAP vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAP and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.04 | 0.08 | 0.18 | 84 | Technology | |
| Walmart Inc. | 0.05 | 0.11 | 0.18 | 71 | Consumer Defensive | |
| CrowdStrike Holdings, Inc. | 0.10 | 0.14 | 0.23 | 77 | Technology | |
| Alphabet Inc. Class A | 0.21 | 0.23 | 0.31 | 96 | Communication Services | |
| Enterprise Products Partners L.P. | 0.23 | 0.41 | 0.54 | 87 | Energy |
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