Looking to diversify beyond HDMV? The ETFs below have the lowest correlation with HDMV — 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 HDMV.
Best Diversifiers for HDMV
335 ETFs have low correlation with HDMV (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, down from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.42 | -0.35 | 75 | Leveraged Currency | HDMV vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.13 | 0.02 | 72 | Oil & Gas | HDMV vs UGA | |
| TCW AAA CLO ETF | -0.24 | — | — | 99 | CLO | HDMV vs ACLO | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | -0.18 | -0.18 | 60 | Inverse Equities, Leveraged Equities | HDMV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | — | — | 53 | Inverse Equities | HDMV vs SMST |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HDMV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDMV and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.21 | 0.30 | 0.38 | 93 | Real Estate |
Build a portfolio that complements HDMV
Add HDMV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HDMV