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
324 ETFs have low correlation with HEQT (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.02 | — | 61 | Leveraged Currency | HEQT vs YCS | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 98 | Ultrashort Bond | HEQT vs BAMU | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | HEQT vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | HEQT vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.03 | — | 100 | Ultrashort Bond | HEQT vs SGOV |
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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 -0.01, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.19 | 0.27 | 69 | Consumer Defensive | |
| Alphabet Inc. Class A | 0.49 | 0.52 | 0.60 | 96 | Communication Services |
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