Looking to diversify beyond HEDJ? The ETFs below have the lowest correlation with HEDJ — 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 HEDJ.
Best Diversifiers for HEDJ
376 ETFs have low correlation with HEDJ (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.12 | 0.02 | 53 | Oil & Gas | HEDJ vs DBE | |
| Return Stacked Bonds & Futures Yield ETF | -0.30 | -0.23 | -0.23 | 51 | Multistrategy | HEDJ vs RSBY | |
| United States Gasoline Fund LP | -0.28 | -0.11 | 0.02 | 78 | Oil & Gas | HEDJ vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | HEDJ vs IBIC | |
| ProShares Short Bitcoin ETF | -0.26 | -0.27 | -0.29 | 57 | Cryptocurrency | HEDJ vs BITI |
See all 2048 diversifiers for HEDJ
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