Looking to diversify beyond HIDE? The ETFs below have the lowest correlation with HIDE — 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 HIDE.
Best Diversifiers for HIDE
1904 ETFs have low correlation with HIDE (below 0.3), 112 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, roughly unchanged from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.28 | — | 61 | Leveraged Currency | HIDE vs YCS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.17 | -0.09 | — | 76 | Nontraditional Bonds | HIDE vs AGZD | |
| Roundhill Weekly T-Bill ETF | -0.13 | — | — | 99 | Ultrashort Bond | HIDE vs WEEK | |
| iShares Short Maturity Municipal Bond ETF | -0.12 | 0.09 | — | 96 | Municipal Bonds | HIDE vs MEAR | |
| Alger AI Enablers & Adopters ETF | -0.10 | 0.04 | 0.04 | 68 | Technology Equities | HIDE vs ALAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIDE and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.39 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.38 | 0.39 | — | 69 | Financial Services |
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