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
1532 ETFs have low correlation with HCRB (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.47 | -0.51 | 63 | Leveraged Currency | HCRB vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.22 | -0.15 | 71 | Oil & Gas | HCRB vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.14 | 71 | Oil & Gas | HCRB vs UGA | |
| Invesco DB Oil Fund | -0.41 | -0.21 | -0.15 | 65 | Oil & Gas | HCRB vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.21 | -0.15 | 65 | Oil & Gas | HCRB vs BNO |
See all 2182 diversifiers for HCRB
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