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
379 ETFs have low correlation with HDEF (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.35 | -0.27 | 61 | Leveraged Currency | HDEF vs YCS | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | HDEF vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | HDEF vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 97 | Inflation-Protected Bonds | HDEF vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | HDEF vs IBIC |
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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 0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | 0.04 | 0.22 | 0.30 | 72 | Energy | |
| Exxon Mobil Corporation | 0.07 | 0.21 | 0.32 | 68 | Energy | |
| Broadcom Inc. | 0.09 | 0.18 | 0.30 | 75 | Technology | |
| NVIDIA Corporation | 0.10 | 0.18 | 0.30 | 76 | Technology | |
| Centene Corporation | 0.12 | 0.16 | 0.26 | 51 | Healthcare |
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Build a portfolio that complements HDEF
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Analyze a portfolio with HDEF