Looking to diversify beyond HOMZ? The ETFs below have historically moved differently from HOMZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HOMZ
468 ETFs have low correlation with HOMZ (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.17 | 0.00 | 72 | Oil & Gas | HOMZ vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.14 | -0.00 | 52 | Oil & Gas | HOMZ vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.14 | 0.01 | 58 | Oil & Gas | HOMZ vs DBO | |
| United States Oil Fund LP | -0.35 | -0.15 | -0.00 | 55 | Oil & Gas | HOMZ vs USO | |
| United States Gasoline Fund LP | -0.34 | -0.13 | 0.00 | 87 | Oil & Gas | HOMZ vs UGA |
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