Looking to diversify beyond HEFA? The ETFs below have historically moved differently from HEFA, 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 HEFA
351 ETFs have low correlation with HEFA (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.28 | — | 51 | Cryptocurrency | HEFA vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | -0.35 | -0.35 | 69 | Derivative Income | HEFA vs WNTR | |
| Invesco DB Energy Fund | -0.33 | -0.11 | 0.05 | 66 | Oil & Gas | HEFA vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.08 | 0.06 | 51 | Oil & Gas | HEFA vs DBO | |
| United States Gasoline Fund, LP | -0.27 | -0.09 | 0.05 | 83 | Oil & Gas | HEFA 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 HEFA, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.01 | 0.12 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.06 | 0.07 | 0.17 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | 0.09 | 0.32 | 0.46 | 61 | Financial Services | |
| Simon Property Group, Inc. | 0.24 | 0.39 | 0.50 | 95 | Real Estate | |
| IREN Limited | 0.27 | 0.32 | 0.31 | 82 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HEFA
Add HEFA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HEFA