Looking to balance out your exposure to HD? The ETFs below have the lowest correlation with HD — they tend to move on their own, which can help reduce risk when HD drops. The stock ideas table highlights individual companies that behave independently from HD.
Best Diversifiers for HD
155 ETFs have low correlation with HD (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.28 | -0.08 | 0.02 | 66 | Oil & Gas | HD vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.27 | -0.06 | 0.03 | 54 | Leveraged Commodities | HD vs UCO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.04 | 0.05 | 76 | Commodities | HD vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.24 | -0.04 | 0.05 | 76 | Commodities | HD vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.00 | -0.00 | 100 | Government Bonds, Ultrashort Bond | HD vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HD and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.13 | 0.07 | 0.10 | 63 | Basic Materials | |
| Snowflake Inc. | -0.11 | 0.12 | 0.24 | 51 | Technology | |
| Valero Energy Corporation | -0.10 | 0.14 | 0.12 | 94 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.10 | 0.09 | 0.07 | 88 | Energy | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.14 | 0.22 | 72 | Technology |
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