Looking to diversify beyond HAPS? The ETFs below have the lowest correlation with HAPS — 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 HAPS.
Best Diversifiers for HAPS
382 ETFs have low correlation with HAPS (below 0.3), 60 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.04 | -0.01 | 71 | Oil & Gas | HAPS vs DBE | |
| United States Oil Fund LP | -0.29 | -0.03 | -0.00 | 66 | Oil & Gas | HAPS vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.02 | — | 65 | Oil & Gas | HAPS vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | 0.01 | — | 56 | Oil & Gas | HAPS vs OILK | |
| United States 12 Month Oil Fund LP | -0.27 | 0.00 | — | 56 | Oil & Gas | HAPS vs USL |
See all 2181 diversifiers for HAPS
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