Looking to diversify beyond HIBS? The ETFs below have historically moved differently from HIBS, 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 HIBS
2234 ETFs have low correlation with HIBS (below 0.3), 2138 of which are negatively correlated. The least correlated is Invesco S&P 500® High Beta ETF (SPHB) (S&P 500) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500® High Beta ETF | -1.00 | -1.00 | -1.00 | 65 | S&P 500 | HIBS vs SPHB | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | -1.00 | -1.00 | -1.00 | 55 | Leveraged Equities, S&P 500 | HIBS vs HIBL | |
| JPMorgan U.S. Momentum Factor ETF | -0.93 | -0.89 | -0.90 | 75 | Momentum, Large Cap Blend Equities | HIBS vs JMOM | |
| Main Sector Rotation ETF | -0.93 | -0.92 | -0.93 | 57 | Large Cap Blend Equities | HIBS vs SECT | |
| Pacer US Export Leaders ETF | -0.93 | -0.93 | -0.94 | 71 | Mid Cap Blend Equities | HIBS vs PEXL |
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