Looking to diversify beyond FHDG? The ETFs below have the lowest correlation with FHDG — 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 FHDG.
Best Diversifiers for FHDG
373 ETFs have low correlation with FHDG (below 0.3), 47 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | -0.46 | -0.46 | 53 | Inverse Equities | FHDG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.46 | -0.46 | 60 | Inverse Equities, Leveraged Equities | FHDG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 65 | Derivative Income | FHDG vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | -0.17 | -0.17 | 51 | Multistrategy | FHDG vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | FHDG vs IBIC |
See all 2052 diversifiers for FHDG
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Diversification Analysis
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