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
424 ETFs have low correlation with HEDJ (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.11 | 0.02 | 71 | Oil & Gas | HEDJ vs DBE | |
| United States Brent Oil Fund LP | -0.38 | -0.11 | 0.01 | 65 | Oil & Gas | HEDJ vs BNO | |
| United States Oil Fund LP | -0.38 | -0.11 | 0.01 | 66 | Oil & Gas | HEDJ vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | -0.13 | -0.13 | 56 | Derivative Income | HEDJ vs USOY | |
| Invesco DB Oil Fund | -0.34 | -0.10 | 0.02 | 65 | Oil & Gas | HEDJ vs DBO |
See all 2193 diversifiers for HEDJ
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