Looking to diversify beyond HBDC? The ETFs below have the lowest correlation with HBDC — 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 HBDC.
Best Diversifiers for HBDC
1412 ETFs have low correlation with HBDC (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.29 | -0.29 | 67 | Leveraged Currency | HBDC vs YCS | |
| ProShares Ultra Bloomberg Crude Oil | -0.22 | -0.22 | -0.22 | 51 | Leveraged Commodities | HBDC vs UCO | |
| United States 12 Month Oil Fund LP | -0.22 | -0.22 | -0.22 | 53 | Oil & Gas | HBDC vs USL | |
| United States Gasoline Fund LP | -0.22 | -0.22 | -0.22 | 69 | Oil & Gas | HBDC vs UGA | |
| Invesco DB Energy Fund | -0.22 | -0.22 | -0.22 | 69 | Oil & Gas | HBDC vs DBE |
See all 1982 diversifiers for HBDC
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