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
113 ETFs have low correlation with HD (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.00 | -0.00 | 100 | Government Bonds, Ultrashort Bond | HD vs USFR | |
| ProShares Ultra Semiconductors | -0.03 | 0.18 | 0.33 | 82 | Leveraged Equities, Semiconductors | HD vs USD | |
| Global X MLP & Energy Infrastructure ETF | -0.01 | 0.21 | 0.26 | 51 | MLPs | HD vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.01 | -0.00 | 100 | Ultrashort Bond | HD vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | 0.01 | 0.03 | — | 100 | Ultrashort Bond | HD vs BOXX |
To view more results, upgrade your current subscription plan.
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 -0.12, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.12 | 0.06 | 0.10 | 51 | Basic Materials | |
| Valero Energy Corporation | -0.11 | 0.13 | 0.11 | 91 | Energy | |
| ConocoPhillips Company | -0.10 | 0.09 | 0.12 | 65 | Energy | |
| Lumentum Holdings Inc. | -0.10 | 0.17 | 0.25 | 99 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | -0.10 | 0.08 | 0.07 | 75 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HD
Add HD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HD