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
274 ETFs have low correlation with HEGD (below 0.3), 34 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.25 | -0.03 | 0.07 | 55 | Oil & Gas | HEGD vs UGA | |
| ProShares UltraShort Yen | -0.24 | -0.05 | -0.02 | 63 | Leveraged Currency | HEGD vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | HEGD vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | HEGD vs RBIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.15 | -0.29 | -0.29 | 55 | Inverse Equities | HEGD vs NFXS |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.01 | 0.13 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | 0.04 | 0.20 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.05 | 0.18 | 72 | Energy | |
| Chevron Corporation | -0.12 | 0.08 | 0.20 | 70 | Energy | |
| ConocoPhillips Company | -0.11 | 0.07 | 0.19 | 65 | Energy |
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