Looking to diversify beyond HIBL? The ETFs below have historically moved differently from HIBL, 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 HIBL
456 ETFs have low correlation with HIBL (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.39 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.39 | — | 51 | Cryptocurrency | HIBL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | HIBL vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.10 | 66 | Oil & Gas | HIBL vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | HIBL vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | HIBL vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HIBL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.05, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.05 | 0.20 | 0.29 | 96 | Energy | |
| Perpetua Resources Corp | 0.41 | 0.34 | 0.32 | 57 | Basic Materials | |
| AST SpaceMobile, Inc. | 0.45 | 0.43 | 0.45 | 55 | Technology | |
| Rocket Lab USA, Inc. | 0.48 | 0.53 | 0.55 | 67 | Industrials | |
| NVIDIA Corporation | 0.51 | 0.56 | 0.67 | 61 | Technology |
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