Looking to balance out your exposure to HIMS? The ETFs below have historically moved differently from HIMS, 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 HIMS
133 ETFs have low correlation with HIMS (below 0.3), 32 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.17 | 0.06 | 0.14 | 92 | Dividend, Large Cap Value Equities | HIMS vs HDV | |
| United States Oil Fund LP | -0.15 | -0.01 | 0.02 | 55 | Oil & Gas | HIMS vs USO | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | 0.11 | 0.18 | 92 | Large Cap Value Equities, Dividend | HIMS vs FDL | |
| State Street Energy Select Sector SPDR ETF | -0.14 | 0.05 | 0.10 | 76 | Energy Equities | HIMS vs XLE | |
| iShares Global Energy ETF | -0.14 | 0.05 | 0.10 | 82 | Energy Equities | HIMS vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HIMS, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.15 | -0.06 | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.28 | -0.06 | -0.00 | 66 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.22 | -0.12 | -0.06 | 59 | Consumer Defensive | |
| Johnson & Johnson | -0.22 | -0.08 | -0.02 | 97 | Healthcare | |
| Duke Energy Corporation | -0.22 | -0.12 | -0.07 | 56 | Utilities |
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