Looking to diversify beyond HDV? The ETFs below have the lowest correlation with HDV — 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 HDV.
Best Diversifiers for HDV
1709 ETFs have low correlation with HDV (below 0.3), 210 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger AI Enablers & Adopters ETF | -0.22 | — | — | 68 | Technology Equities | HDV vs ALAI | |
| ProShares Ultra Semiconductors | -0.21 | -0.03 | 0.19 | 89 | Leveraged Equities, Semiconductors | HDV vs USD | |
| KraneShares Artificial Intelligence & Technology E... | -0.21 | — | — | 60 | Technology Equities | HDV vs AGIX | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.21 | — | — | 70 | Technology Equities | HDV vs FAI | |
| ProShares UltraShort Yen | -0.21 | -0.13 | -0.09 | 61 | Leveraged Currency | HDV vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDV and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.24 | -0.09 | 0.13 | 76 | Technology | |
| CrowdStrike Holdings, Inc. | -0.20 | -0.01 | 0.11 | 66 | Technology | |
| Broadcom Inc. | -0.19 | -0.02 | 0.20 | 75 | Technology | |
| Credo Technology Group Holding Ltd | -0.17 | -0.03 | — | 90 | Technology | |
| Micron Technology, Inc. | -0.15 | 0.01 | 0.17 | 99 | Technology |
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