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
442 ETFs have low correlation with HOMZ (below 0.3), 57 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.32 | -0.34 | 51 | Currency | HOMZ vs UUP | |
| Invesco DB Energy Fund | -0.33 | -0.14 | 0.02 | 53 | Oil & Gas | HOMZ vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.21 | -0.15 | 72 | Leveraged Currency | HOMZ vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.11 | 0.02 | 78 | Oil & Gas | HOMZ vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.08 | 0.06 | 51 | Commodities | HOMZ vs GSG |
See all 2037 diversifiers for HOMZ
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