Looking to diversify beyond HBTA? The ETFs below have the lowest correlation with HBTA — 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 HBTA.
Best Diversifiers for HBTA
391 ETFs have low correlation with HBTA (below 0.3), 87 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.13 | -0.13 | 66 | Oil & Gas | HBTA vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.13 | -0.13 | 71 | Oil & Gas | HBTA vs DBE | |
| United States Brent Oil Fund LP | -0.30 | — | — | 65 | Oil & Gas | HBTA vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.12 | -0.12 | 56 | Derivative Income | HBTA vs USOY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.27 | — | — | 98 | Inflation-Protected Bonds | HBTA vs RBIL |
See all 2106 diversifiers for HBTA
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HBTA
Add HBTA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HBTA