Looking to balance out your exposure to HBCP? The ETFs below have the lowest correlation with HBCP — they tend to move on their own, which can help reduce risk when HBCP drops. The stock ideas table highlights individual companies that behave independently from HBCP.
Best Diversifiers for HBCP
1 ETFs have low correlation with HBCP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | 0.26 | 0.32 | 73 | Nasdaq-100 | HBCP vs QQQ |
Diversification Analysis
Build a portfolio that complements HBCP
Add HBCP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HBCP