Looking to balance out your exposure to HURA? The ETFs below have the lowest correlation with HURA — they tend to move on their own, which can help reduce risk when HURA drops. The stock ideas table highlights individual companies that behave independently from HURA.
Best Diversifiers for HURA
2 ETFs have low correlation with HURA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.12, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.12 | 0.15 | 0.13 | 57 | Silver, Precious Metals | HURA vs SLVP | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.24 | 0.18 | 0.16 | 86 | Materials | HURA vs REMX | |
| Vanguard S&P 500 ETF | 0.36 | 0.17 | 0.17 | 74 | S&P 500 | HURA vs VOO | |
| Global X Data Center & Digital Infrastructure ETF | 0.36 | 0.19 | 0.19 | 92 | REIT | HURA vs DTCR |
Diversification Analysis
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