Looking to diversify beyond HECA? The ETFs below have historically moved differently from HECA, 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 HECA
615 ETFs have low correlation with HECA (below 0.3), 37 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HECA vs SBIT | |
| ProShares Short Bitcoin ETF | -0.29 | — | — | 61 | Cryptocurrency | HECA vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | HECA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | HECA vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | — | — | 75 | Derivative Income | HECA vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HECA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.04 | — | — | 67 | Healthcare | |
| FirstCash, Inc. | 0.20 | — | — | 89 | Financial Services | |
| Carpenter Technology Corporation | 0.21 | — | — | 94 | Industrials | |
| Nutrien Ltd. | 0.24 | — | — | 62 | Basic Materials | |
| Citigroup Inc. | 0.25 | — | — | 84 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HECA
Add HECA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HECA