Looking to diversify beyond HAPS? The ETFs below have the lowest correlation with HAPS — 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 HAPS.
Best Diversifiers for HAPS
325 ETFs have low correlation with HAPS (below 0.3), 62 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | HAPS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.39 | -0.39 | 60 | Inverse Equities | HAPS vs SMST | |
| ProShares Short Bitcoin ETF | -0.36 | -0.35 | -0.33 | 57 | Cryptocurrency | HAPS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HAPS vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | HAPS vs WNTR |
See all 2039 diversifiers for HAPS
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Diversification Analysis
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