Looking to diversify beyond HDLB? The ETFs below have historically moved differently from HDLB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HDLB
1848 ETFs have low correlation with HDLB (below 0.3), 430 of which are negatively correlated. The least correlated is Columbia Select Technology ETF (SEMI) (Semiconductors) with a 1Y correlation of -0.26, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Select Technology ETF | -0.26 | -0.02 | 0.17 | 54 | Semiconductors, Technology Equities | HDLB vs SEMI | |
| ProShares Ultra Semiconductors | -0.26 | -0.10 | 0.10 | 52 | Leveraged Equities, Semiconductors | HDLB vs USD | |
| Roundhill Generative AI & Technology ETF | -0.25 | -0.05 | — | 66 | Artificial Intelligence, Technology Equities | HDLB vs CHAT | |
| Fidelity MSCI Information Technology Index ETF | -0.24 | -0.02 | 0.19 | 52 | Technology Equities | HDLB vs FTEC | |
| iShares U.S. Technology ETF | -0.24 | -0.03 | 0.17 | 51 | Technology Equities | HDLB vs IYW |
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