Looking to diversify beyond HVAC? The ETFs below have historically moved differently from HVAC, 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 HVAC
527 ETFs have low correlation with HVAC (below 0.3), 89 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | — | — | 51 | Cryptocurrency | HVAC vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 69 | Derivative Income | HVAC vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.23 | -0.23 | 97 | Inflation-Protected Bonds | HVAC vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.23 | — | — | 96 | Inflation-Protected Bonds | HVAC vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | HVAC vs IBIC |
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