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
771 ETFs have low correlation with HSMV (below 0.3), 35 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 | 61 | Leveraged Currency | HSMV vs YCS | |
| VanEck Commodity Strategy ETF | -0.13 | -0.01 | — | 55 | Commodities | HSMV vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 97 | Inflation-Protected Bonds | HSMV vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | -0.02 | 0.01 | 70 | Commodities | HSMV vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | 0.05 | 0.05 | 99 | Ultrashort Bond | HSMV vs CSHP |
See all 2067 diversifiers for HSMV
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