Looking to diversify beyond HIPS? The ETFs below have the lowest correlation with HIPS — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HIPS.
Best Diversifiers for HIPS
776 ETFs have low correlation with HIPS (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.21 | -0.24 | 57 | Cryptocurrency | HIPS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.25 | -0.25 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HIPS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | -0.25 | -0.25 | 68 | Inverse Equities, Leveraged Equities | HIPS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | HIPS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | HIPS vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIPS and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of 0.31, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | 0.31 | 0.45 | 0.53 | 86 | Energy |
Build a portfolio that complements HIPS
Add HIPS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HIPS