Looking to diversify beyond HDGE? The ETFs below have historically moved differently from HDGE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HDGE
2301 ETFs have low correlation with HDGE (below 0.3), 2216 of which are negatively correlated. The least correlated is Vanguard U.S. Value Factor ETF (VFVA) (Mid Cap Value Equities) with a 1Y correlation of -0.85, roughly unchanged from -0.83 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard U.S. Value Factor ETF | -0.85 | -0.85 | -0.83 | 93 | Mid Cap Value Equities | HDGE vs VFVA | |
| Pacer US Small Cap Cash Cows ETF | -0.85 | -0.84 | -0.83 | 94 | Small Cap Value Equities | HDGE vs CALF | |
| Distillate Small/Mid Cash Flow ETF | -0.85 | -0.85 | — | 82 | Small Cap Value Equities | HDGE vs DSMC | |
| Victoryshares Small Cap Free Cash Flow ETF | -0.84 | — | — | 94 | Small Cap Blend Equities | HDGE vs SFLO | |
| Royce Quant Small-Cap Quality Value ETF | -0.84 | -0.86 | -0.83 | 90 | Quality Factor, Small Cap Value Equities | HDGE vs SQLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HDGE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of -0.35, up from -0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | -0.35 | -0.50 | -0.53 | 73 | Real Estate | |
| Realty Income Corporation | -0.16 | -0.29 | -0.35 | 74 | Real Estate |
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