Looking to diversify beyond HTEC? The ETFs below have the lowest correlation with HTEC — 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 HTEC.
Best Diversifiers for HTEC
382 ETFs have low correlation with HTEC (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.15 | -0.02 | 57 | Oil & Gas | HTEC vs DBE | |
| United States Gasoline Fund LP | -0.31 | -0.13 | -0.02 | 84 | Oil & Gas | HTEC vs UGA | |
| ProShares Short Bitcoin ETF | -0.28 | -0.29 | — | 52 | Cryptocurrency | HTEC vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 70 | Inverse Equities, Leveraged Equities | HTEC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | -0.31 | -0.31 | 63 | Inverse Equities | HTEC vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTEC and solid risk/return profiles. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | 0.17 | 0.20 | 0.31 | 87 | Real Estate |
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