Looking to balance out your exposure to HG? The ETFs below have the lowest correlation with HG — they tend to move on their own, which can help reduce risk when HG drops. The stock ideas table highlights individual companies that behave independently from HG.
Best Diversifiers for HG
5 ETFs have low correlation with HG (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.08 | — | — | 53 | Nasdaq-100 | HG vs QQQ | |
| VanEck Oil Services ETF | 0.00 | — | — | 78 | Energy Equities | HG vs OIH | |
| State Street SPDR S&P 500 ETF | 0.03 | — | — | 65 | S&P 500 | HG vs SPY | |
| SPDR Portfolio High Yield Bond ETF | 0.10 | — | — | 72 | High Yield Bonds | HG vs SPHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.11 | — | — | 70 | High Yield Bonds | HG vs USHY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HG and solid risk/return profiles. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | -0.18 | -0.07 | -0.07 | 91 | Communication Services | |
| Micron Technology, Inc. | -0.17 | 0.02 | 0.02 | 99 | Technology | |
| Celestica Inc. | -0.16 | — | — | 79 | Technology | |
| NVIDIA Corporation | -0.14 | -0.02 | -0.02 | 63 | Technology | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.13 | -0.01 | -0.01 | 70 | Energy |
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