Looking to diversify beyond HOOW? The ETFs below have historically moved differently from HOOW, 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 HOOW
676 ETFs have low correlation with HOOW (below 0.3), 110 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 | -0.62 | — | — | 69 | Derivative Income | HOOW vs WNTR | |
| ProShares Short Bitcoin ETF | -0.60 | — | — | 51 | Cryptocurrency | HOOW vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 52 | Derivative Income, Dividend | HOOW vs XOMO | |
| Direxion Daily NFLX Bear 1X Shares | -0.22 | — | — | 58 | Inverse Equities | HOOW vs NFXS | |
| Invesco DB Energy Fund | -0.20 | — | — | 66 | Oil & Gas | HOOW vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HOOW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selectedBuild a portfolio that complements HOOW
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