Looking to diversify beyond HEDJ? The ETFs below have historically moved differently from HEDJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HEDJ
401 ETFs have low correlation with HEDJ (below 0.3), 102 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.14 | 0.00 | 72 | Oil & Gas | HEDJ vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.14 | -0.01 | 52 | Oil & Gas | HEDJ vs BNO | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.08 | — | 56 | Options Trading | HEDJ vs CAOS | |
| United States Oil Fund LP | -0.34 | -0.13 | -0.00 | 55 | Oil & Gas | HEDJ vs USO | |
| United States Gasoline Fund LP | -0.32 | -0.12 | 0.01 | 87 | Oil & Gas | HEDJ vs UGA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HEDJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Essex Property Trust, Inc. (ESS) (Real Estate) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essex Property Trust, Inc. | 0.18 | 0.27 | 0.35 | 67 | Real Estate |
Build a portfolio that complements HEDJ
Add HEDJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HEDJ