Looking to diversify beyond HELX? The ETFs below have historically moved differently from HELX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HELX
511 ETFs have low correlation with HELX (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.14 | -0.02 | 72 | Oil & Gas | HELX vs DBE | |
| United States Oil Fund LP | -0.31 | -0.13 | -0.02 | 55 | Oil & Gas | HELX vs USO | |
| YieldMax XOM Option Income Strategy ETF | -0.31 | — | — | 51 | Derivative Income, Dividend | HELX vs XOMO | |
| United States Brent Oil Fund LP | -0.30 | -0.12 | -0.02 | 52 | Oil & Gas | HELX vs BNO | |
| ProShares Short Bitcoin ETF | -0.29 | -0.29 | — | 61 | Cryptocurrency | HELX vs BITI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HELX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackRock Health Sciences Trust II (BMEZ) (Financial Services) with a 1Y correlation of 0.70, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Health Sciences Trust II | 0.70 | 0.68 | 0.70 | 80 | Financial Services |
Build a portfolio that complements HELX
Add HELX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HELX