Looking to diversify beyond HOOX? The ETFs below have the lowest correlation with HOOX — 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 HOOX.
Best Diversifiers for HOOX
571 ETFs have low correlation with HOOX (below 0.3), 88 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... | -0.19 | — | — | 98 | Inflation-Protected Bonds | HOOX vs RBIL | |
| United States Oil Fund LP | -0.18 | — | — | 66 | Oil & Gas | HOOX vs USO | |
| Invesco DB Energy Fund | -0.18 | — | — | 71 | Oil & Gas | HOOX vs DBE | |
| United States Gasoline Fund LP | -0.17 | — | — | 69 | Oil & Gas | HOOX vs UGA | |
| United States Brent Oil Fund LP | -0.16 | -0.07 | -0.07 | 65 | Oil & Gas | HOOX vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOOX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.30 | — | — | 99 | Industrials | |
| Rigetti Computing Inc | 0.50 | — | — | 68 | Technology |
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