Looking to diversify beyond HVAC? The ETFs below have the lowest correlation with HVAC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HVAC.
Best Diversifiers for HVAC
459 ETFs have low correlation with HVAC (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.36 | -0.36 | 57 | Cryptocurrency | HVAC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HVAC vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | HVAC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | HVAC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | HVAC vs WNTR |
See all 2037 diversifiers for HVAC
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Diversification Analysis
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