Looking to diversify beyond HACK? The ETFs below have the lowest correlation with HACK — 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 HACK.
Best Diversifiers for HACK
785 ETFs have low correlation with HACK (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 60 | Inverse Equities | HACK vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 68 | Inverse Equities, Leveraged Equities | HACK vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.33 | -0.29 | -0.32 | 57 | Cryptocurrency | HACK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HACK vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | HACK vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HACK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HACK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.32, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.32 | -0.10 | 0.06 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.28 | -0.15 | -0.02 | 66 | Utilities | |
| Altria Group, Inc. | -0.26 | -0.09 | 0.01 | 81 | Consumer Defensive | |
| WEC Energy Group, Inc. | -0.26 | -0.11 | 0.01 | 68 | Utilities | |
| The Southern Company | -0.25 | -0.14 | -0.00 | 58 | Utilities |
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Build a portfolio that complements HACK
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