Looking to balance out your exposure to HUT? The ETFs below have the lowest correlation with HUT — they tend to move on their own, which can help reduce risk when HUT drops. The stock ideas table highlights individual companies that behave independently from HUT.
Best Diversifiers for HUT
1 ETFs have low correlation with HUT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | 0.09 | 0.14 | 0.15 | 51 | Commodities | HUT vs PDBC | |
| iShares MSCI USA Value Factor ETF | 0.46 | 0.43 | 0.46 | 96 | Large Cap Value Equities | HUT vs VLUE | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.49 | 0.52 | 67 | S&P 500 | HUT vs SPY | |
| Invesco QQQ ETF | 0.52 | 0.49 | 0.54 | 64 | Nasdaq-100 | HUT vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.52 | 0.46 | — | 71 | Nasdaq-100, Derivative Income | HUT vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUT and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.20, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.20 | -0.02 | 0.06 | 82 | Financial Services | |
| Johnson & Johnson | -0.13 | -0.09 | -0.01 | 97 | Healthcare | |
| The Southern Company | -0.10 | -0.05 | -0.03 | 55 | Utilities | |
| AbbVie Inc. | -0.04 | 0.01 | 0.02 | 77 | Healthcare | |
| Walmart Inc. | -0.02 | 0.10 | 0.12 | 70 | Consumer Defensive |
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