Looking to diversify beyond HELO? The ETFs below have the lowest correlation with HELO — 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 HELO.
Best Diversifiers for HELO
411 ETFs have low correlation with HELO (below 0.3), 61 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HELO vs SBIT | |
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | -0.33 | 57 | Cryptocurrency | HELO vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.42 | -0.42 | 60 | Inverse Equities | HELO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | HELO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | HELO vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HELO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HELO and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.22, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.22 | -0.05 | -0.05 | 66 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.03 | -0.03 | 81 | Consumer Defensive | |
| The Southern Company | -0.15 | -0.01 | -0.01 | 58 | Utilities | |
| The Coca-Cola Company | -0.13 | 0.03 | 0.03 | 83 | Consumer Defensive | |
| Verizon Communications Inc. | -0.13 | -0.01 | -0.01 | 57 | Communication Services |
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