Looking to diversify beyond HSCZ? The ETFs below have the lowest correlation with HSCZ — 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 HSCZ.
Best Diversifiers for HSCZ
336 ETFs have low correlation with HSCZ (below 0.3), 44 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.27, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.27 | -0.21 | -0.21 | 97 | Inflation-Protected Bonds | HSCZ vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.20 | -0.04 | -0.04 | 95 | Inflation-Protected Bonds | HSCZ vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | HSCZ vs IBIC | |
| ProShares UltraShort Yen | -0.14 | 0.01 | 0.04 | 61 | Leveraged Currency | HSCZ vs YCS | |
| VanEck Commodity Strategy ETF | -0.13 | 0.04 | 0.07 | 55 | Commodities | HSCZ vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSCZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSCZ and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.02 | 0.14 | 0.21 | 69 | Consumer Defensive | |
| Western Midstream Partners, LP | 0.04 | 0.26 | 0.33 | 73 | Energy | |
| AbbVie Inc. | 0.07 | 0.15 | 0.18 | 71 | Healthcare | |
| WEC Energy Group, Inc. | 0.07 | 0.11 | 0.15 | 63 | Utilities | |
| The Allstate Corporation | 0.07 | 0.16 | 0.26 | 64 | Financial Services |
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