Looking to diversify beyond HBDC? The ETFs below have historically moved differently from HBDC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HBDC
1744 ETFs have low correlation with HBDC (below 0.3), 96 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | — | — | 56 | Leveraged Currency | HBDC vs YCS | |
| United States Brent Oil Fund LP | -0.24 | — | — | 52 | Oil & Gas | HBDC vs BNO | |
| Invesco DB Energy Fund | -0.22 | — | — | 72 | Oil & Gas | HBDC vs DBE | |
| Invesco DB Oil Fund | -0.22 | — | — | 58 | Oil & Gas | HBDC vs DBO | |
| United States Oil Fund LP | -0.22 | — | — | 55 | Oil & Gas | HBDC vs USO |
See all 2225 diversifiers for HBDC
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