Looking to diversify beyond HIDE? The ETFs below have historically moved differently from HIDE, 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 HIDE
1968 ETFs have low correlation with HIDE (below 0.3), 208 of which are negatively correlated. The least correlated is WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) (Nontraditional Bonds) with a 1Y correlation of -0.14, roughly unchanged from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.14 | -0.09 | — | 91 | Nontraditional Bonds | HIDE vs AGZD | |
| Roundhill Weekly T-Bill ETF | -0.14 | -0.08 | — | 99 | Ultrashort Bond | HIDE vs WEEK | |
| ProShares UltraShort Yen | -0.12 | -0.28 | — | 56 | Leveraged Currency | HIDE vs YCS | |
| YieldMax TSM Option Income Strategy ETF | -0.11 | — | — | 76 | Derivative Income | HIDE vs TSMY | |
| Columbia Select Technology ETF | -0.11 | 0.09 | 0.10 | 54 | Semiconductors, Technology Equities | HIDE vs SEMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HIDE, 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 Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.37 | 0.41 | 0.37 | 74 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.39 | 0.54 | 0.46 | 66 | Financial Services |
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