Looking to diversify beyond HSCZ? The ETFs below have historically moved differently from HSCZ, 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 HSCZ
403 ETFs have low correlation with HSCZ (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.27 | — | 61 | Cryptocurrency | HSCZ vs BITI | |
| Invesco DB Energy Fund | -0.36 | -0.11 | 0.05 | 72 | Oil & Gas | HSCZ vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HSCZ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | HSCZ vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.09 | — | 56 | Options Trading | HSCZ vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HSCZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of -0.07, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | -0.07 | 0.22 | 0.30 | 80 | Energy | |
| The Allstate Corporation | -0.05 | 0.13 | 0.23 | 82 | Financial Services | |
| Walmart Inc. | -0.03 | 0.12 | 0.19 | 62 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.03 | 0.12 | 0.24 | 56 | Financial Services | |
| AbbVie Inc. | -0.01 | 0.14 | 0.16 | 81 | Healthcare |
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