Looking to diversify beyond HECA? The ETFs below have the lowest correlation with HECA — 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 HECA.
Best Diversifiers for HECA
529 ETFs have low correlation with HECA (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.29 | -0.29 | 57 | Cryptocurrency | HECA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HECA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 60 | Inverse Equities | HECA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 68 | Inverse Equities, Leveraged Equities | HECA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | HECA vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HECA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HECA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.03 | — | — | 60 | Healthcare | |
| FirstCash, Inc. | 0.21 | — | — | 93 | Financial Services | |
| Carpenter Technology Corporation | 0.21 | — | — | 92 | Industrials | |
| Nutrien Ltd. | 0.24 | — | — | 58 | Basic Materials | |
| Citigroup Inc. | 0.26 | — | — | 92 | Financial Services |
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