Looking to diversify beyond HOOI? The ETFs below have the lowest correlation with HOOI — 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 HOOI.
Best Diversifiers for HOOI
1336 ETFs have low correlation with HOOI (below 0.3), 109 of which are negatively correlated. The least correlated is SPDR Nuveen Municipal Bond ESG ETF (MBNE) (Municipal Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Nuveen Municipal Bond ESG ETF | -0.08 | -0.08 | -0.08 | 54 | Municipal Bonds | HOOI vs MBNE | |
| Global X Short-Term Treasury Ladder ETF | -0.07 | -0.07 | -0.07 | 81 | Government Bonds, Short-Term Bond | HOOI vs SLDR | |
| Goldman Sachs Ultra Short Bond ETF | -0.07 | -0.07 | -0.07 | 99 | Ultrashort Bond | HOOI vs GSST | |
| Calvert Ultra-Short Investment Grade ETF | -0.07 | -0.07 | -0.07 | 98 | Ultrashort Bond | HOOI vs CVSB | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.07 | -0.07 | -0.07 | 82 | Inflation-Protected Bonds | HOOI vs STPZ |
See all 2070 diversifiers for HOOI
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