Looking to diversify beyond HEGD? The ETFs below have the lowest correlation with HEGD — 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 HEGD.
Best Diversifiers for HEGD
340 ETFs have low correlation with HEGD (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 60 | Inverse Equities | HEGD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | HEGD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | HEGD vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | -0.35 | 57 | Cryptocurrency | HEGD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HEGD vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEGD and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | 0.03 | 0.19 | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.21 | -0.01 | 0.12 | 81 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.04 | 0.17 | 75 | Energy | |
| Chevron Corporation | -0.14 | 0.07 | 0.19 | 70 | Energy | |
| Verizon Communications Inc. | -0.14 | 0.01 | 0.11 | 57 | Communication Services |
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