Looking to diversify beyond HOMZ? The ETFs below have the lowest correlation with HOMZ — 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 HOMZ.
Best Diversifiers for HOMZ
388 ETFs have low correlation with HOMZ (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.21 | -0.15 | 61 | Leveraged Currency | HOMZ vs YCS | |
| VanEck Commodity Strategy ETF | -0.18 | -0.04 | — | 55 | Commodities | HOMZ vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | HOMZ vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.15 | -0.04 | -0.03 | 70 | Commodities | HOMZ vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.13 | 0.00 | 0.11 | 53 | Commodities | HOMZ vs FTGC |
See all 2066 diversifiers for HOMZ
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