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
1094 ETFs have low correlation with HCRB (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.47 | -0.50 | 72 | Leveraged Currency | HCRB vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.41 | -0.37 | 51 | Currency | HCRB vs UUP | |
| United States Gasoline Fund LP | -0.43 | -0.22 | -0.14 | 78 | Oil & Gas | HCRB vs UGA | |
| Invesco DB Energy Fund | -0.42 | -0.24 | -0.15 | 53 | Oil & Gas | HCRB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.18 | -0.11 | 51 | Commodities | HCRB vs GSG |
See all 2040 diversifiers for HCRB
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