Looking to diversify beyond HDUS? The ETFs below have the lowest correlation with HDUS — 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 HDUS.
Best Diversifiers for HDUS
362 ETFs have low correlation with HDUS (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.05 | — | 66 | Oil & Gas | HDUS vs USO | |
| Invesco DB Energy Fund | -0.29 | -0.06 | — | 71 | Oil & Gas | HDUS vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.05 | — | 65 | Oil & Gas | HDUS vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.06 | -0.06 | 56 | Derivative Income | HDUS vs USOY | |
| Invesco DB Oil Fund | -0.25 | -0.03 | — | 65 | Oil & Gas | HDUS vs DBO |
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