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
292 ETFs have low correlation with HDMV (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.54, down from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.54 | -0.42 | -0.35 | 61 | Leveraged Currency | HDMV vs YCS | |
| TCW AAA CLO ETF | -0.22 | — | — | 99 | CLO | HDMV vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | HDMV vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | 0.13 | 0.13 | 98 | Inflation-Protected Bonds | HDMV vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | 0.03 | 0.03 | 99 | Ultrashort Bond | HDMV vs CSHP |
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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 | 86 | Real Estate |
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