Looking to diversify beyond HOII? The ETFs below have the lowest correlation with HOII — 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 HOII.
Best Diversifiers for HOII
490 ETFs have low correlation with HOII (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.63, roughly unchanged from -0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.63 | -0.63 | -0.63 | 53 | Cryptocurrency | HOII vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.62 | -0.62 | -0.62 | 56 | Inverse Equities | HOII vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.62 | -0.62 | -0.62 | 65 | Inverse Equities, Leveraged Equities | HOII vs MSTZ | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.17 | -0.17 | 56 | Commodities | HOII vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.14 | -0.14 | -0.14 | 55 | Commodities | HOII vs DCMT |
See all 1988 diversifiers for HOII
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Diversification Analysis
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