Looking to diversify beyond HAPI? The ETFs below have the lowest correlation with HAPI — 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 HAPI.
Best Diversifiers for HAPI
361 ETFs have low correlation with HAPI (below 0.3), 64 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.44 | -0.44 | 60 | Inverse Equities | HAPI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | HAPI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.40 | -0.34 | -0.34 | 57 | Cryptocurrency | HAPI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HAPI vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | -0.43 | -0.43 | 70 | Derivative Income | HAPI vs WNTR |
See all 2041 diversifiers for HAPI
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