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
374 ETFs have low correlation with HEFA (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, down from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.27 | — | 53 | Cryptocurrency | HEFA vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 56 | Inverse Equities | HEFA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 65 | Inverse Equities, Leveraged Equities | HEFA vs MSTZ | |
| Invesco DB Energy Fund | -0.32 | -0.10 | 0.06 | 57 | Oil & Gas | HEFA vs DBE | |
| Return Stacked Bonds & Futures Yield ETF | -0.31 | — | — | 54 | Multistrategy | HEFA vs RSBY |
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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 -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.02 | 0.13 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | 0.08 | 0.17 | 57 | Communication Services | |
| Simon Property Group, Inc. | 0.27 | 0.40 | 0.51 | 92 | Real Estate | |
| IREN Limited | 0.27 | 0.32 | 0.30 | 78 | Financial Services | |
| Applied Digital Corporation | 0.33 | 0.33 | 0.29 | 89 | Technology |
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