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
382 ETFs have low correlation with HIBL (below 0.3), 58 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 53 | Inverse Equities | HIBL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 60 | Inverse Equities, Leveraged Equities | HIBL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | HIBL vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | — | — | 51 | Multistrategy | HIBL vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | HIBL vs IBIC |
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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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.09 | 0.21 | 0.30 | 90 | Energy | |
| Perpetua Resources Corp | 0.37 | 0.33 | 0.31 | 61 | Basic Materials | |
| AST SpaceMobile, Inc. | 0.41 | 0.43 | 0.44 | 69 | Technology | |
| Rocket Lab USA, Inc. | 0.45 | 0.52 | — | 79 | Industrials | |
| NVIDIA Corporation | 0.48 | 0.55 | 0.66 | 69 | Technology |
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