Looking to diversify beyond HEFA? The ETFs below have the lowest correlation with HEFA — 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 HEFA.
Best Diversifiers for HEFA
400 ETFs have low correlation with HEFA (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.09 | 0.07 | 71 | Oil & Gas | HEFA vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | 0.06 | 65 | Oil & Gas | HEFA vs BNO | |
| United States Oil Fund LP | -0.32 | -0.06 | 0.07 | 66 | Oil & Gas | HEFA vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 56 | Derivative Income | HEFA vs USOY | |
| Invesco DB Oil Fund | -0.29 | -0.05 | 0.08 | 65 | Oil & Gas | HEFA vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEFA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEFA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.05 | 0.15 | 67 | Consumer Defensive | |
| Verizon Communications Inc. | 0.02 | 0.10 | 0.19 | 62 | Communication Services | |
| Robinhood Markets, Inc. | 0.43 | 0.43 | — | 54 | Technology |
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