Looking to diversify beyond HOOG? The ETFs below have historically moved differently from HOOG, 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 HOOG
599 ETFs have low correlation with HOOG (below 0.3), 89 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.61 | — | — | 58 | Derivative Income | HOOG vs WNTR | |
| Invesco DB Energy Fund | -0.21 | — | — | 54 | Oil & Gas | HOOG vs DBE | |
| Direxion Daily XOM Bull 2X Shares | -0.21 | — | — | 51 | Leveraged Equities | HOOG vs XOMX | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | HOOG vs RBIL | |
| Brookstone Ultra-Short Bond ETF | -0.19 | -0.08 | -0.08 | 99 | Ultrashort Bond | HOOG vs BAMU |
See all 2144 diversifiers for HOOG
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