Looking to diversify beyond HIPS? The ETFs below have historically moved differently from HIPS, 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 HIPS
805 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 -0.24, roughly unchanged from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.21 | — | 61 | Cryptocurrency | HIPS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HIPS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 61 | Inverse Equities, Leveraged Equities | HIPS vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | — | — | 75 | Derivative Income | HIPS vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.24 | -0.24 | 52 | Inverse Equities | HIPS vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HIPS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of 0.28, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | 0.28 | 0.44 | 0.52 | 93 | Energy |
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