Looking to diversify beyond HFSI? The ETFs below have historically moved differently from HFSI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HFSI
418 ETFs have low correlation with HFSI (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.41 | -0.20 | — | 51 | Oil & Gas | HFSI vs DBO | |
| Invesco DB Energy Fund | -0.39 | -0.20 | — | 66 | Oil & Gas | HFSI vs DBE | |
| United States Gasoline Fund, LP | -0.39 | -0.19 | — | 83 | Oil & Gas | HFSI vs UGA | |
| ProShares UltraShort Yen | -0.38 | -0.41 | — | 59 | Leveraged Currency | HFSI vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.15 | — | 61 | Commodities | HFSI vs GSG |
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