Looking to diversify beyond HELX? The ETFs below have the lowest correlation with HELX — 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 HELX.
Best Diversifiers for HELX
419 ETFs have low correlation with HELX (below 0.3), 78 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | HELX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | HELX vs SMST | |
| United States Gasoline Fund LP | -0.28 | -0.12 | -0.01 | 72 | Oil & Gas | HELX vs UGA | |
| ProShares UltraShort Yen | -0.27 | -0.13 | -0.11 | 75 | Leveraged Currency | HELX vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | HELX vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HELX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HELX and solid risk/return profiles. The least correlated is BlackRock Health Sciences Trust II (BMEZ) (Financial Services) with a 1Y correlation of 0.68, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Health Sciences Trust II | 0.68 | 0.68 | 0.69 | 76 | Financial Services |
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