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
849 ETFs have low correlation with HEFT (below 0.3), 58 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.22 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HEFT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.22 | -0.22 | -0.22 | 57 | Cryptocurrency | HEFT vs BITI | |
| Direxion Daily AAPL Bull 2X Shares | -0.08 | -0.08 | -0.08 | 73 | Leveraged Equities | HEFT vs AAPU | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | -0.07 | -0.07 | -0.07 | 61 | Derivative Income | HEFT vs AAPY | |
| Texas Capital Government Money Market ETF | -0.07 | -0.07 | -0.07 | 100 | Money Market | HEFT vs MMKT |
See all 1996 diversifiers for HEFT
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Diversification Analysis
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