Looking to diversify beyond HDLB? The ETFs below have the lowest correlation with HDLB — 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 HDLB.
Best Diversifiers for HDLB
1627 ETFs have low correlation with HDLB (below 0.3), 183 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.20 | -0.15 | 63 | Leveraged Currency | HDLB vs YCS | |
| ProShares Ultra Semiconductors | -0.20 | -0.07 | 0.12 | 82 | Leveraged Equities, Semiconductors | HDLB vs USD | |
| Alger AI Enablers & Adopters ETF | -0.19 | — | — | 62 | Technology Equities | HDLB vs ALAI | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.18 | — | — | 64 | Technology Equities | HDLB vs FAI | |
| Roundhill Generative AI & Technology ETF | -0.18 | -0.02 | -0.01 | 89 | Technology Equities | HDLB vs CHAT |
See all 1951 diversifiers for HDLB
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