Looking to diversify beyond HCRB? The ETFs below have the lowest correlation with HCRB — 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 HCRB.
Best Diversifiers for HCRB
1067 ETFs have low correlation with HCRB (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.47 | -0.50 | 61 | Leveraged Currency | HCRB vs YCS | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 64 | Systematic Trend | HCRB vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.12 | -0.10 | 70 | Commodities | HCRB vs FAAR | |
| VanEck Commodity Strategy ETF | -0.26 | -0.10 | — | 55 | Commodities | HCRB vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.22 | -0.07 | -0.05 | 53 | Commodities | HCRB vs FTGC |
See all 2068 diversifiers for HCRB
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