Looking to diversify beyond HIMU? The ETFs below have historically moved differently from HIMU, 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 HIMU
1582 ETFs have low correlation with HIMU (below 0.3), 117 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.35 | — | — | 58 | Oil & Gas | HIMU vs DBO | |
| Invesco DB Energy Fund | -0.34 | — | — | 72 | Oil & Gas | HIMU vs DBE | |
| United States Brent Oil Fund LP | -0.33 | — | — | 52 | Oil & Gas | HIMU vs BNO | |
| United States Oil Fund LP | -0.33 | — | — | 55 | Oil & Gas | HIMU vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.32 | -0.17 | -0.17 | 71 | Commodities | HIMU vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HIMU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.31 | — | — | 79 | Real Estate | |
| Nuveen Quality Municipal Income Fund | 0.41 | 0.39 | 0.39 | 78 | Financial Services | |
| Nuveen AMT-Free Municipal Credit Income Fund | 0.41 | — | — | 79 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.43 | 0.41 | 0.41 | 78 | Financial Services |
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