Looking to diversify beyond HIBL? The ETFs below have the lowest correlation with HIBL — 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 HIBL.
Best Diversifiers for HIBL
317 ETFs have low correlation with HIBL (below 0.3), 40 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.18, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.19 | -0.19 | 97 | Inflation-Protected Bonds | HIBL vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 95 | Inflation-Protected Bonds | HIBL vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.08 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HIBL vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.03 | -0.03 | 98 | Inflation-Protected Bonds | HIBL vs IBIC | |
| ProShares UltraShort Yen | -0.15 | -0.04 | -0.01 | 61 | Leveraged Currency | HIBL vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIBL and solid risk/return profiles. The least correlated is Perpetua Resources Corp (PPTA) (Basic Materials) with a 1Y correlation of 0.37, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Perpetua Resources Corp | 0.37 | 0.33 | 0.32 | 74 | Basic Materials | |
| Rocket Lab USA, Inc. | 0.44 | 0.52 | 0.52 | 90 | Industrials | |
| AST SpaceMobile, Inc. | 0.45 | 0.43 | 0.45 | 64 | Technology | |
| NVIDIA Corporation | 0.45 | 0.51 | 0.60 | 76 | Technology | |
| Nextracker Inc | 0.50 | 0.47 | 0.47 | 86 | Technology |
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