Looking to diversify beyond HOOW? The ETFs below have the lowest correlation with HOOW — 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 HOOW.
Best Diversifiers for HOOW
488 ETFs have low correlation with HOOW (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | HOOW vs RBIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.19 | -0.19 | -0.19 | 55 | Inverse Equities | HOOW vs NFXS | |
| United States Gasoline Fund LP | -0.18 | — | — | 55 | Oil & Gas | HOOW vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 98 | Ultrashort Bond | HOOW vs BAMU | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | HOOW vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOOW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Robinhood Markets, Inc. | 1.00 | — | — | 58 | Financial Services |
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