Looking to diversify beyond HEDG? The ETFs below have the lowest correlation with HEDG — 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 HEDG.
Best Diversifiers for HEDG
453 ETFs have low correlation with HEDG (below 0.3), 56 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.13 | -0.13 | -0.13 | 55 | Leveraged Equities | HEDG vs NRGU | |
| Direxion Daily NFLX Bear 1X Shares | -0.13 | -0.13 | -0.13 | 57 | Inverse Equities | HEDG vs NFXS | |
| ProShares Ultra Oil & Gas | -0.10 | -0.10 | -0.10 | 53 | Leveraged Equities | HEDG vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.09 | -0.09 | -0.09 | 54 | Leveraged Equities | HEDG vs ERX | |
| Pacer American Energy Independence ETF | -0.09 | -0.09 | -0.09 | 50 | Energy Equities | HEDG vs USAI |
See all 2019 diversifiers for HEDG
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