Looking to diversify beyond HECO? The ETFs below have the lowest correlation with HECO — 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 HECO.
Best Diversifiers for HECO
468 ETFs have low correlation with HECO (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.07 | -0.07 | 71 | Oil & Gas | HECO vs DBE | |
| United States Oil Fund LP | -0.19 | -0.05 | -0.05 | 66 | Oil & Gas | HECO vs USO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | HECO vs IBIC | |
| United States Gasoline Fund LP | -0.18 | -0.04 | -0.04 | 71 | Oil & Gas | HECO vs UGA | |
| United States Brent Oil Fund LP | -0.17 | -0.04 | -0.04 | 65 | Oil & Gas | HECO vs BNO |
See all 2181 diversifiers for HECO
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