Looking to diversify beyond HOOG? The ETFs below have the lowest correlation with HOOG — 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 HOOG.
Best Diversifiers for HOOG
642 ETFs have low correlation with HOOG (below 0.3), 89 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.62 | — | — | 63 | Inverse Equities | HOOG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.62 | — | — | 70 | Inverse Equities, Leveraged Equities | HOOG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.60 | — | — | 73 | Derivative Income | HOOG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.59 | — | — | 52 | Cryptocurrency | HOOG vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.20 | — | — | 56 | Multistrategy | HOOG vs RSBY |
See all 2075 diversifiers for HOOG
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Diversification Analysis
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