Looking to diversify beyond HEQT? The ETFs below have the lowest correlation with HEQT — 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 HEQT.
Best Diversifiers for HEQT
366 ETFs have low correlation with HEQT (below 0.3), 45 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 | -0.44 | — | — | 53 | Inverse Equities | HEQT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 60 | Inverse Equities, Leveraged Equities | HEQT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 65 | Derivative Income | HEQT vs WNTR | |
| ProShares UltraShort Yen | -0.17 | -0.02 | — | 75 | Leveraged Currency | HEQT vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.17 | — | — | 51 | Multistrategy | HEQT vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEQT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEQT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.17 | 0.26 | 70 | Consumer Defensive | |
| Alphabet Inc. Class A | 0.48 | 0.52 | 0.60 | 96 | Communication Services |
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