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
135 ETFs have low correlation with HIMS (below 0.3), 20 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | 0.01 | 0.02 | 66 | Oil & Gas | HIMS vs USO | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | HIMS vs USFR | |
| ProShares Ultra Bloomberg Crude Oil | -0.08 | 0.04 | 0.04 | 54 | Leveraged Commodities | HIMS vs UCO | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | 0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | HIMS vs SHV | |
| iShares Global Energy ETF | -0.06 | 0.10 | 0.13 | 76 | Energy Equities | HIMS vs IXC |
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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 -0.30, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.13 | -0.04 | 66 | Consumer Defensive | |
| The Hershey Company | -0.18 | -0.08 | -0.06 | 55 | Consumer Defensive | |
| PepsiCo, Inc. | -0.18 | -0.09 | -0.02 | 56 | Consumer Defensive | |
| Chevron Corporation | -0.13 | 0.03 | 0.08 | 83 | Energy | |
| Johnson & Johnson | -0.12 | -0.04 | -0.01 | 92 | Healthcare |
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Build a portfolio that complements HIMS
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