Looking to balance out your exposure to HIVE? The ETFs below have the lowest correlation with HIVE — they tend to move on their own, which can help reduce risk when HIVE drops. The stock ideas table highlights individual companies that behave independently from HIVE.
No Diversifiers Found for HIVE
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIVE and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.11 | 0.13 | 0.22 | 80 | Energy | |
| Enterprise Products Partners L.P. | -0.04 | 0.13 | 0.21 | 85 | Energy | |
| Energy Transfer LP | -0.02 | 0.16 | 0.25 | 72 | Energy | |
| BP p.l.c. | 0.02 | 0.08 | 0.17 | 77 | Energy | |
| Halliburton Company | 0.02 | 0.11 | 0.18 | 88 | Energy |
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