Looking to balance out your exposure to HIPO? The ETFs below have the lowest correlation with HIPO — they tend to move on their own, which can help reduce risk when HIPO drops. The stock ideas table highlights individual companies that behave independently from HIPO.
Best Diversifiers for HIPO
1 ETFs have low correlation with HIPO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.19 | 0.26 | — | 70 | Momentum, S&P 500 | HIPO vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIPO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIPO and solid risk/return profiles. The least correlated is Ducommun Incorporated (DCO) (Industrials) with a 1Y correlation of 0.20, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ducommun Incorporated | 0.20 | 0.26 | — | 94 | Industrials | |
| Oscar Health, Inc. | 0.22 | 0.18 | 0.25 | 62 | Healthcare | |
| Opendoor Technologies Inc. | 0.27 | 0.31 | 0.36 | 97 | Real Estate | |
| Clover Health Investments, Corp. | 0.30 | 0.28 | — | 73 | Healthcare | |
| Affirm Holdings, Inc. | 0.34 | 0.40 | — | 52 | Technology |
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