Looking to diversify beyond HSMV? The ETFs below have historically moved differently from HSMV, 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 HSMV
1087 ETFs have low correlation with HSMV (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.12 | 0.06 | 72 | Oil & Gas | HSMV vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.10 | 0.06 | 58 | Oil & Gas | HSMV vs DBO | |
| United States Brent Oil Fund LP | -0.26 | -0.10 | 0.05 | 52 | Oil & Gas | HSMV vs BNO | |
| United States Oil Fund LP | -0.25 | -0.10 | 0.05 | 55 | Oil & Gas | HSMV vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.06 | 0.10 | 67 | Commodities | HSMV vs GSG |
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