Looking to balance out your exposure to HIMS? The ETFs below have the lowest correlation with HIMS — they tend to move on their own, which can help reduce risk when HIMS drops. The stock ideas table highlights individual companies that behave independently from HIMS.
Best Diversifiers for HIMS
112 ETFs have low correlation with HIMS (below 0.3), 8 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.11 | 0.08 | 0.15 | 70 | Dividend, Large Cap Value Equities | HIMS vs HDV | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | HIMS vs USFR | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.08 | 0.13 | 0.19 | 69 | Large Cap Value Equities, Dividend | HIMS vs FDL | |
| iShares Treasury Floating Rate Bond ETF | -0.04 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HIMS vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | -0.03 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | HIMS vs SHV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIMS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.29, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.29 | -0.13 | -0.05 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.19 | -0.03 | 0.01 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.17 | 0.01 | 0.07 | 70 | Energy | |
| Johnson & Johnson | -0.16 | -0.06 | -0.02 | 96 | Healthcare | |
| PepsiCo, Inc. | -0.16 | -0.08 | -0.02 | 61 | Consumer Defensive |
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