Looking to balance out your exposure to HOOD? The ETFs below have the lowest correlation with HOOD — they tend to move on their own, which can help reduce risk when HOOD drops. The stock ideas table highlights individual companies that behave independently from HOOD.
Best Diversifiers for HOOD
71 ETFs have low correlation with HOOD (below 0.3), 19 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.21, roughly unchanged from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.21 | -0.18 | — | 51 | Currency | HOOD vs UUP | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.04 | — | 100 | Government Bonds, Ultrashort Bond | HOOD vs USFR | |
| State Street Energy Select Sector SPDR ETF | -0.12 | 0.07 | 0.13 | 50 | Energy Equities | HOOD vs XLE | |
| Direxion Daily MU Bull 2X Shares | -0.12 | -0.12 | -0.12 | 99 | Leveraged Equities, Semiconductors | HOOD vs MUU | |
| iShares Global Energy ETF | -0.11 | 0.07 | — | 58 | Energy Equities | HOOD vs IXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOOD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.06 | -0.00 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.22 | -0.10 | -0.03 | 57 | Communication Services | |
| Exxon Mobil Corporation | -0.22 | -0.04 | 0.05 | 75 | Energy | |
| Duke Energy Corporation | -0.21 | -0.13 | -0.06 | 66 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.08 | — | 83 | Consumer Defensive |
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