Looking to diversify beyond HIBS? The ETFs below have the lowest correlation with HIBS — 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 HIBS.
Best Diversifiers for HIBS
2057 ETFs have low correlation with HIBS (below 0.3), 1997 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.
| 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 | 78 | S&P 500 | HIBS vs SPHB | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | -1.00 | -1.00 | -1.00 | 75 | Leveraged Equities, S&P 500 | HIBS vs HIBL | |
| Main Sector Rotation ETF | -0.92 | -0.92 | -0.93 | 60 | Large Cap Blend Equities | HIBS vs SECT | |
| Invesco S&P 500 Equal Weight Technology ETF | -0.92 | -0.92 | -0.93 | 82 | Technology Equities, S&P 500, Equal Weight | HIBS vs RSPT | |
| JPMorgan U.S. Momentum Factor ETF | -0.92 | -0.89 | -0.90 | 82 | Momentum, Large Cap Blend Equities | HIBS vs JMOM |
See all 2060 diversifiers for HIBS
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Diversification Analysis
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