Skip to main content

Want a detailed portfolio tracker?

40 Stocks and 60 ETFs for diversifying Hudbay Minerals (HBM)

The least correlated asset to Hudbay Minerals (HBM) is ETF SLTY (YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF). The correlation is -0.759.

Stocks that lowly correlated with HBM

SymbolName
Market cap
SectorIndustry
Correlation
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.61
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.60
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.56
RAAQReal Asset Acquisition Corp - Class A$231MFinancial ServicesShell Companies-0.56
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.55
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.54
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.53
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.50
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.49
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.49
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.48
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.47
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.47
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.47
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.46
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.46
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.46
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.45
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.45
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.45
SIShoulder Innovations Inc$452MN/AN/A-0.43
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.43
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.42
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.41
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.41
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.41
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.40
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.40
TLXTelix Pharmaceuticals Ltd$3.82BHealthcareBiotechnology-0.39
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.39
FVNNRFuture Vision II Acquisition Corporation Right$341KN/AN/A-0.38
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.38
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.38
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.37
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.37
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.37
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.37
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.37
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.36
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with HBM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.76
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.68
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.66
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.62
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.62
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.60
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.60
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.58
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.58
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.57
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.56
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.55
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.54
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.54
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.53
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.53
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.53
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.53
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.52
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.52
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.51
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.49
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.48
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.48
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.47
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.47
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.45
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.45
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.43
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.43
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.43
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.43
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.42
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.41
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.41
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.41
OILDBank of Montreal$53MN/ANov 8, 2021-0.41
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.39
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.39
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.39
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.39
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.39
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.38
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.37
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.37
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.37
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.37
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.36
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.35