Looking to balance out your exposure to HYPD? The ETFs below have the lowest correlation with HYPD — they tend to move on their own, which can help reduce risk when HYPD drops. The stock ideas table highlights individual companies that behave independently from HYPD.
Best Diversifiers for HYPD
1 ETFs have low correlation with HYPD (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Inflation Allocation ETF (RAAX) (Diversified Portfolio) with a 1Y correlation of 0.06, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Inflation Allocation ETF | 0.06 | 0.10 | 0.14 | 85 | Diversified Portfolio | HYPD vs RAAX | |
| Invesco QQQ ETF | 0.33 | 0.24 | 0.26 | 73 | Nasdaq-100 | HYPD vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYPD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYPD and solid risk/return profiles. The least correlated is Impala Platinum Holdings Limited ADR (IMPUY) (Basic Materials) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Impala Platinum Holdings Limited ADR | 0.08 | 0.08 | 0.08 | 73 | Basic Materials | |
| Symbotic Inc | 0.10 | 0.17 | 0.13 | 64 | Industrials | |
| Talen Energy Corporation | 0.14 | — | — | 67 | Utilities | |
| Red Cat Holdings, Inc. | 0.20 | 0.15 | 0.16 | 69 | Technology |
Build a portfolio that complements HYPD
Add HYPD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYPD