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
403 ETFs have low correlation with HTEC (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.34 | -0.11 | -0.01 | 66 | Oil & Gas | HTEC vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.11 | -0.01 | 65 | Oil & Gas | HTEC vs BNO | |
| Invesco DB Energy Fund | -0.33 | -0.11 | -0.00 | 71 | Oil & Gas | HTEC vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.10 | 0.00 | 54 | Leveraged Commodities | HTEC vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.32 | -0.09 | 0.00 | 55 | Oil & Gas | HTEC vs OILK |
See all 2117 diversifiers for HTEC
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