Looking to diversify beyond HAIL? The ETFs below have historically moved differently from HAIL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HAIL
463 ETFs have low correlation with HAIL (below 0.3), 83 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.50 | — | — | 69 | Derivative Income | HAIL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.49 | -0.39 | — | 51 | Cryptocurrency | HAIL vs BITI | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.22 | -0.12 | -0.08 | 51 | Nontraditional Bonds | HAIL vs RISR | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.09 | 66 | Oil & Gas | HAIL vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | HAIL vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HAIL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.58, roughly unchanged from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.58 | 0.49 | 0.57 | 81 | Industrials |
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