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
679 ETFs have low correlation with HIPS (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.11 | -0.08 | 63 | Leveraged Currency | HIPS vs YCS | |
| Cambria Tactical Yield ETF | -0.14 | -0.05 | -0.05 | 99 | HIPS vs TYLD | ||
| Alpha Architect 1-3 Month Box ETF | -0.11 | -0.02 | — | 100 | Ultrashort Bond | HIPS vs BOXX | |
| Breakwave Tanker Shipping ETF | -0.11 | 0.04 | 0.02 | 98 | Commodities | HIPS vs BWET | |
| Roundhill Weekly T-Bill ETF | -0.10 | -0.03 | -0.03 | 99 | Ultrashort Bond | HIPS vs WEEK |
See all 2192 diversifiers for HIPS
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Diversification Analysis
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