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42 Stocks and 58 ETFs for diversifying Hess Midstream LP (HESM)

The least correlated asset to Hess Midstream LP (HESM) is company Nusatrip (NUTR). The correlation is -0.819.

Stocks that lowly correlated with HESM

SymbolName
Market cap
SectorIndustry
Correlation
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.82
EFTYEtoiles Capital Group Co Ltd - Class A$287MIndustrialsConsulting Services-0.82
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.79
IPEXRInflection Point Acquisition Corp V$1.82MN/AN/A-0.78
LAWRRobot Consulting Co. Ltd$158MIndustrialsConsulting Services-0.76
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.74
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.72
TVATexas Ventures Acquisition III Corp - Class A$237MFinancial ServicesShell Companies-0.72
CHPGRChampionsGate Acquisition Corp$264KN/AN/A-0.68
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies-0.68
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.67
CCIIUCohen Circle Acquisition Corp II - Units (1 Ord Cls A & 1/4 War)$80MFinancial ServicesShell Companies-0.67
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.66
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.65
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.64
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.62
PLTN/A$508MN/AN/A-0.62
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.61
PFSAProfusa Inc$577KHealthcareMedical Devices-0.61
HVIIN/A$199MFinancial ServicesShell Companies-0.60
HTFLHeartflow Inc$2.35BHealthcareHealth Information Services-0.60
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies-0.59
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.59
GTENGores Holdings X Inc - Class A$471MFinancial ServicesShell Companies-0.58
ORISOriental Rise Holdings Ltd$1.92MConsumer DefensivePackaged Foods-0.57
LOARLoar Holdings Inc$6.61BIndustrialsAerospace & Defense-0.57
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.57
METCIRamaco Resources Inc$1.12BN/AN/A-0.56
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.56
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.56
PCSPGIM CORPORATE BOND 0-5 YEAR ETF $27BN/AN/A-0.56
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.55
PMIPicard Medical Inc$11MHealthcareMedical Devices-0.55
RANGRRange Capital Acquisition Corp$1.20MN/AN/A-0.55
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies-0.55
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.55
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.55
PTNMPitanium Ltd - Class A$225MConsumer DefensiveHousehold & Personal Products-0.55
PSKYParamount Skydance Corp - Class B$10BCommunication ServicesEntertainment-0.55
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.54
ALPSAlpine Summit Energy Partners Inc$24MN/AOil & Gas-0.54
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.53

ETFs that lowly correlated with HESM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RGTUTRADR 2X LONG RGTI DAILY ETF $14MN/AJun 23, 2025-0.76
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.76
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.75
VTELVANGUARD LONG-TERM TAX-EXEMPT BOND ETF ETF SHARES$288M0.09%May 20, 2025-0.74
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.72
TAXTNORTHERN TRUST TAX-EXEMPT BOND ETF $61M0.05%Aug 18, 2025-0.69
MUNDNORTHERN TRUST 2055 TAX-EXEMPT DISTRIBUTING LADDER ETF $4.20M0.18%Aug 18, 2025-0.69
WCPBWeitz Core Plus Bond ETF$210M0.45%Aug 12, 2025-0.68
QPUXDefiance 2X Daily Long Pure Quantum ETF$53MN/AAug 6, 2025-0.67
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.67
OILDBank of Montreal$53MN/ANov 8, 2021-0.67
OKLLDefiance Daily Target 2x Long OKLO ETF$208MN/AJun 23, 2025-0.66
MUNYVANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES$447M0.09%May 20, 2025-0.66
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.66
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.65
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.65
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.65
RGTXDEFIANCE DAILY TARGET 2X LONG RGTI ETF $92MN/AMar 31, 2025-0.65
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.64
CPAGFm Compoundr U.S. Aggregate Bond ETF$288M0.31%Aug 11, 2025-0.64
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.63
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.63
NMBSimplify National Muni Bond ETF$49M0.52%Sep 9, 2024-0.62
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.62
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.61
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.61
LRCUTradr 2X Long LRCX Daily ETF$79MN/AAug 18, 2025-0.61
BAIGLEVERAGE SHARES 2X LONG BBAI DAILY ETF $14MN/AAug 20, 2025-0.61
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.61
MTRAINVESCO INTERNATIONAL GROWTH FOCUS ETF $148M0.54%Jun 11, 2025-0.61
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.61
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.61
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.61
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.60
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.60
GLGGLEVERAGE SHARES 2X LONG GLXY DAILY ETF $2.80MN/AAug 20, 2025-0.60
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.60
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.60
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.60
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.59
MUNCNORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF $8.20M0.18%Aug 18, 2025-0.58
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.58
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.58
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.58
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.58
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 2025-0.58
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.57
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.57
NODEONCHAIN ECONOMY ETF $73M0.67%May 13, 2025-0.57
GLXUT-REX 2X LONG GLXY DAILY TARGET ETF $18MN/AAug 7, 2025-0.57
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.56
IVESWedbush ETFMG Global Cloud Technology ETF$1.10B0.75%Jun 3, 2025-0.55
SMUPT-REX 2X LONG SMR DAILY TARGET ETF $13MN/AJul 24, 2025-0.55
UNHGLEVERAGE SHARES 2X LONG UNH DAILY ETF $121MN/AJul 21, 2025-0.53
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.53