Looking to diversify beyond HDG? The ETFs below have the lowest correlation with HDG — 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 HDG.
Best Diversifiers for HDG
383 ETFs have low correlation with HDG (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | -0.40 | 57 | Cryptocurrency | HDG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HDG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 60 | Inverse Equities | HDG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 68 | Inverse Equities, Leveraged Equities | HDG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | HDG vs WNTR |
See all 2047 diversifiers for HDG
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Diversification Analysis
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