Looking to balance out your exposure to HTGC? The ETFs below have historically moved differently from HTGC, 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 HTGC
164 ETFs have low correlation with HTGC (below 0.3), 9 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.12 | 0.02 | 0.09 | 55 | Oil & Gas | HTGC vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.12 | 0.06 | 0.14 | 71 | Commodities | HTGC vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | 0.05 | 0.13 | 72 | Commodities | HTGC vs PDBC | |
| KFA Mount Lucas Index Strategy ETF | -0.10 | -0.01 | -0.02 | 61 | Systematic Trend | HTGC vs KMLM | |
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HTGC vs TFLO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HTGC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.12, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.12 | 0.03 | 0.10 | 97 | Healthcare | |
| Duke Energy Corporation | -0.12 | 0.04 | 0.12 | 56 | Utilities | |
| NextEra Energy, Inc. | -0.10 | 0.10 | 0.18 | 77 | Utilities | |
| Occidental Petroleum Corporation | -0.09 | 0.14 | 0.26 | 70 | Energy | |
| Essential Utilities, Inc. | -0.08 | 0.10 | 0.17 | 62 | Utilities |
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