Looking to diversify beyond HEEM? The ETFs below have the lowest correlation with HEEM — 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 HEEM.
Best Diversifiers for HEEM
426 ETFs have low correlation with HEEM (below 0.3), 82 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 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | 0.01 | 0.09 | 66 | Oil & Gas | HEEM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | HEEM vs USOY | |
| Invesco DB Energy Fund | -0.27 | 0.01 | 0.10 | 71 | Oil & Gas | HEEM vs DBE | |
| United States Brent Oil Fund LP | -0.26 | 0.02 | 0.09 | 65 | Oil & Gas | HEEM vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | HEEM vs IBIC |
See all 2181 diversifiers for HEEM
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