Looking to diversify beyond HSMV? The ETFs below have the lowest correlation with HSMV — 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 HSMV.
Best Diversifiers for HSMV
999 ETFs have low correlation with HSMV (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.13 | -0.08 | 75 | Leveraged Currency | HSMV vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.07 | 0.07 | 72 | Oil & Gas | HSMV vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.03 | 0.12 | 51 | Commodities | HSMV vs PDBC | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.17 | -0.01 | — | 65 | Commodities | HSMV vs CMDT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.16 | -0.01 | 0.13 | 65 | Commodities | HSMV vs SDCI |
See all 2053 diversifiers for HSMV
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