Looking to balance out your exposure to HTGC? The ETFs below have the lowest correlation with HTGC — they tend to move on their own, which can help reduce risk when HTGC drops. The stock ideas table highlights individual companies that behave independently from HTGC.
Best Diversifiers for HTGC
169 ETFs have low correlation with HTGC (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.15 | -0.12 | -0.20 | 51 | Currency | HTGC vs UUP | |
| Invesco DB Commodity Index Tracking Fund | -0.07 | 0.08 | 0.15 | 54 | Commodities | HTGC vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | 0.07 | 0.15 | 55 | Commodities | HTGC vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.04 | -0.01 | -0.05 | 100 | Government Bonds, Ultrashort Bond | HTGC vs USFR | |
| Direxion Daily MU Bull 2X Shares | -0.04 | -0.04 | -0.04 | 99 | Leveraged Equities, Semiconductors | HTGC vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTGC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTGC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.02 | 0.13 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.04 | 0.11 | 66 | Utilities | |
| Walmart Inc. | -0.10 | 0.06 | 0.14 | 71 | Consumer Defensive | |
| American Electric Power Company, Inc. | -0.09 | 0.06 | 0.13 | 88 | Utilities | |
| Johnson & Johnson | -0.08 | 0.03 | 0.11 | 97 | Healthcare |
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Build a portfolio that complements HTGC
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