Looking to diversify beyond HCOW? The ETFs below have the lowest correlation with HCOW — 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 HCOW.
Best Diversifiers for HCOW
392 ETFs have low correlation with HCOW (below 0.3), 46 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 -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.35 | -0.35 | 68 | Inverse Equities, Leveraged Equities | HCOW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.35 | -0.28 | -0.28 | 57 | Cryptocurrency | HCOW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HCOW vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.35 | -0.35 | 60 | Inverse Equities | HCOW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 70 | Derivative Income | HCOW vs WNTR |
See all 2039 diversifiers for HCOW
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Diversification Analysis
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