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
355 ETFs have low correlation with HEDG (below 0.3), 43 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.16 | -0.16 | -0.16 | 55 | Inverse Equities | HEDG vs NFXS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | HEDG vs IBID | |
| iShares iBonds Oct 2028 Term TIPS ETF | -0.08 | -0.08 | -0.08 | 86 | Inflation-Protected Bonds | HEDG vs IBIE | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | -0.08 | -0.08 | 75 | Commodities | HEDG vs FAAR | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.08 | -0.08 | -0.08 | 60 | Inflation-Protected Bonds | HEDG vs STPZ |
See all 1910 diversifiers for HEDG
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Diversification Analysis
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