Looking to balance out your exposure to IHPCF? The ETFs below have the lowest correlation with IHPCF — they tend to move on their own, which can help reduce risk when IHPCF drops. The stock ideas table highlights individual companies that behave independently from IHPCF.
Best Diversifiers for IHPCF
2 ETFs have low correlation with IHPCF (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund ETF Shares (BSV) (Short-Term Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.02 | 0.04 | 0.01 | 61 | Short-Term Bond | IHPCF vs BSV | |
| Vanguard S&P 500 ETF | 0.20 | 0.25 | 0.27 | 70 | S&P 500 | IHPCF vs VOO |
Diversification Analysis
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