Looking to diversify beyond HEQT? The ETFs below have historically moved differently from HEQT, 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 HEQT
416 ETFs have low correlation with HEQT (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.32 | — | 51 | Cryptocurrency | HEQT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | HEQT vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.07 | 0.07 | 66 | Oil & Gas | HEQT vs DBE | |
| Invesco DB Oil Fund | -0.19 | -0.04 | 0.07 | 51 | Oil & Gas | HEQT vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.18 | 0.04 | 0.04 | 52 | Derivative Income, Dividend | HEQT vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HEQT, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | 0.17 | 0.26 | 60 | Consumer Defensive | |
| Alphabet Inc. Class A | 0.48 | 0.51 | 0.59 | 96 | Communication Services |
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