Looking to diversify beyond HDEF? The ETFs below have the lowest correlation with HDEF — 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 HDEF.
Best Diversifiers for HDEF
527 ETFs have low correlation with HDEF (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.60 | -0.61 | 51 | Currency | HDEF vs UUP | |
| ProShares UltraShort Yen | -0.45 | -0.35 | -0.28 | 72 | Leveraged Currency | HDEF vs YCS | |
| Invesco DB Energy Fund | -0.21 | -0.04 | 0.12 | 53 | Oil & Gas | HDEF vs DBE | |
| ProShares Short Bitcoin ETF | -0.21 | -0.20 | -0.25 | 57 | Cryptocurrency | HDEF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.21 | -0.21 | -0.21 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HDEF vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HDEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDEF and solid risk/return profiles. The least correlated is Sunoco LP (SUN) (Energy) with a 1Y correlation of 0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | 0.05 | 0.22 | 0.30 | 86 | Energy | |
| Broadcom Inc. | 0.06 | 0.17 | 0.30 | 71 | Technology | |
| NVIDIA Corporation | 0.06 | 0.17 | 0.30 | 65 | Technology | |
| Centene Corporation | 0.10 | 0.16 | 0.25 | 91 | Healthcare | |
| Exxon Mobil Corporation | 0.10 | 0.21 | 0.32 | 75 | Energy |
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Build a portfolio that complements HDEF
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