Looking to balance out your exposure to HOOD? The ETFs below have historically moved differently from HOOD, 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 HOOD
77 ETFs have low correlation with HOOD (below 0.3), 22 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.03 | 0.03 | 55 | Oil & Gas | HOOD vs USO | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | HOOD vs USFR | |
| State Street Energy Select Sector SPDR ETF | -0.13 | 0.06 | 0.13 | 76 | Energy Equities | HOOD vs XLE | |
| iShares Global Energy ETF | -0.11 | 0.06 | 0.13 | 82 | Energy Equities | HOOD vs IXC | |
| iShares Core High Dividend ETF | -0.11 | 0.08 | 0.17 | 92 | Dividend, Large Cap Value Equities | HOOD vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HOOD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.07 | -0.01 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.14 | -0.06 | 56 | Utilities | |
| The Coca-Cola Company | -0.22 | -0.10 | -0.02 | 90 | Consumer Defensive | |
| Chubb Limited | -0.22 | -0.11 | -0.00 | 89 | Financial Services | |
| The Allstate Corporation | -0.22 | -0.04 | 0.07 | 82 | Financial Services |
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