Looking to diversify beyond HARD? The ETFs below have the lowest correlation with HARD — 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 HARD.
Best Diversifiers for HARD
2035 ETFs have low correlation with HARD (below 0.3), 1493 of which are negatively correlated. The least correlated is iShares Yield Optimized Bond ETF (BYLD) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.32, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Yield Optimized Bond ETF | -0.32 | -0.07 | -0.07 | 55 | Intermediate Core-Plus Bond | HARD vs BYLD | |
| Avantis Credit ETF | -0.28 | -0.27 | -0.27 | 53 | Global Bonds | HARD vs AVGB | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.27 | -0.07 | -0.06 | 54 | Corporate Bonds | HARD vs LQDW | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.26 | -0.08 | -0.07 | 52 | Nontraditional Bonds | HARD vs UCON | |
| SPDR Bloomberg Emerging Markets USD Bond ETF | -0.26 | -0.03 | -0.02 | 64 | Emerging Markets Bonds | HARD vs EMHC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HARD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HARD and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.02 | 0.06 | — | 60 | Consumer Cyclical | |
| Cohen & Steers Quality Income Realty Fund | -0.00 | 0.03 | — | 67 | Financial Services | |
| Innovative Industrial Properties, Inc. | 0.01 | 0.04 | — | 56 | Real Estate | |
| Franco-Nevada Corporation | 0.14 | 0.16 | — | 65 | Basic Materials | |
| Enterprise Products Partners L.P. | 0.15 | 0.15 | 0.15 | 85 | Energy |
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Build a portfolio that complements HARD
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Analyze a portfolio with HARD