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
1336 ETFs have low correlation with HMOP (below 0.3), 73 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.37 | -0.17 | -0.11 | 72 | Oil & Gas | HMOP vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.32 | -0.14 | -0.10 | 51 | Commodities | HMOP vs PDBC | |
| United States Commodity Index Fund | -0.28 | -0.11 | -0.07 | 65 | Commodities | HMOP vs USCI | |
| First Trust Alternative Absolute Return Strategy E... | -0.28 | -0.09 | -0.08 | 67 | Commodities | HMOP vs FAAR | |
| VanEck Commodity Strategy ETF | -0.28 | -0.12 | — | 69 | Commodities | HMOP vs PIT |
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