Looking to diversify beyond HWSM? The ETFs below have the lowest correlation with HWSM — 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 HWSM.
Best Diversifiers for HWSM
356 ETFs have low correlation with HWSM (below 0.3), 30 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | — | — | 61 | Leveraged Currency | HWSM vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | — | — | 100 | Government Bonds, Ultrashort Bond | HWSM vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | HWSM vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | — | — | 98 | Inflation-Protected Bonds | HWSM vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | HWSM vs CSHP |
See all 2066 diversifiers for HWSM
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Diversification Analysis
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