Looking to diversify beyond HQGO? The ETFs below have the lowest correlation with HQGO — 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 HQGO.
Best Diversifiers for HQGO
378 ETFs have low correlation with HQGO (below 0.3), 78 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.08 | -0.08 | 66 | Oil & Gas | HQGO vs USO | |
| Invesco DB Energy Fund | -0.32 | — | — | 71 | Oil & Gas | HQGO vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.06 | -0.06 | 65 | Oil & Gas | HQGO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.08 | -0.08 | 56 | Derivative Income | HQGO vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | — | — | 55 | Oil & Gas | HQGO vs OILK |
See all 2105 diversifiers for HQGO
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