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
1590 ETFs have low correlation with HBDC (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | — | — | 75 | Leveraged Currency | HBDC vs YCS | |
| United States Gasoline Fund LP | -0.20 | — | — | 72 | Oil & Gas | HBDC vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.12 | -0.13 | -0.13 | 60 | Inverse Equities, Leveraged Equities | HBDC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.12 | -0.13 | -0.13 | 53 | Inverse Equities | HBDC vs SMST | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | — | — | 51 | Commodities | HBDC vs PDBC |
See all 2050 diversifiers for HBDC
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