Looking to diversify beyond HMOP? The ETFs below have the lowest correlation with HMOP — 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 HMOP.
Best Diversifiers for HMOP
1500 ETFs have low correlation with HMOP (below 0.3), 45 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.28 | -0.09 | -0.09 | 70 | Commodities | HMOP vs FAAR | |
| VanEck Commodity Strategy ETF | -0.25 | -0.12 | — | 55 | Commodities | HMOP vs PIT | |
| ProShares UltraShort Yen | -0.25 | -0.30 | -0.32 | 61 | Leveraged Currency | HMOP vs YCS | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.24 | -0.10 | -0.07 | 53 | Commodities | HMOP vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.22 | — | — | 50 | Commodities | HMOP vs CERY |
See all 2066 diversifiers for HMOP
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