Looking to balance out your exposure to HDB? The ETFs below have the lowest correlation with HDB — they tend to move on their own, which can help reduce risk when HDB drops. The stock ideas table highlights individual companies that behave independently from HDB.
Best Diversifiers for HDB
10 ETFs have low correlation with HDB (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | -0.13 | 0.10 | 0.18 | 76 | Energy Equities | HDB vs IXC | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.03 | 0.01 | 100 | Ultrashort Bond | HDB vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.04 | 0.08 | 0.06 | 93 | Inflation-Protected Bonds | HDB vs STIP | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.04 | 0.24 | 0.29 | 84 | Commodity Producers Equities | HDB vs GUNR | |
| Sprott Physical Silver Trust | 0.09 | 0.11 | 0.12 | 79 | Silver, Precious Metals | HDB vs PSLV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDB and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.19 | 0.02 | 0.11 | 69 | Energy | |
| Suncor Energy Inc. | -0.15 | 0.07 | 0.14 | 95 | Energy | |
| Marathon Petroleum Corporation | -0.14 | 0.03 | 0.15 | 86 | Energy | |
| BP p.l.c. | -0.13 | 0.10 | 0.17 | 87 | Energy | |
| TotalEnergies SE | -0.10 | 0.09 | 0.12 | 90 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HDB
Add HDB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HDB