Looking to diversify beyond HEFT? The ETFs below have the lowest correlation with HEFT — 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 HEFT.
Best Diversifiers for HEFT
1208 ETFs have low correlation with HEFT (below 0.3), 86 of which are negatively correlated. The least correlated is PGIM Floating Rate Income ETF (PFRL) (Bank Loan) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income ETF | -0.15 | -0.15 | — | 91 | Bank Loan | HEFT vs PFRL | |
| WisdomTree High Income Laddered Municipal ETF | -0.14 | -0.14 | — | 68 | High Yield Muni | HEFT vs WTMY | |
| BlackRock Floating Rate Loan ETF | -0.14 | -0.14 | -0.14 | 52 | Bank Loan | HEFT vs BRLN | |
| Roundhill Weekly T-Bill ETF | -0.12 | -0.12 | -0.12 | 99 | Ultrashort Bond | HEFT vs WEEK | |
| FlexShares Ultra-Short Income ETF | -0.10 | -0.10 | -0.10 | 99 | Ultrashort Bond | HEFT vs RAVI |
See all 2081 diversifiers for HEFT
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