Looking to diversify beyond HERD? The ETFs below have historically moved differently from HERD, 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 HERD
274 ETFs have low correlation with HERD (below 0.3), 24 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.35, roughly unchanged from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | -0.36 | -0.36 | 63 | Derivative Income | HERD vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.13 | -0.11 | 59 | Leveraged Currency | HERD vs YCS | |
| Invesco DB Energy Fund | -0.23 | 0.03 | 0.20 | 53 | Oil & Gas | HERD vs DBE | |
| United States Gasoline Fund, LP | -0.20 | 0.04 | 0.18 | 74 | Oil & Gas | HERD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | 0.11 | 0.26 | 50 | Commodities | HERD vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HERD, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.20, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.20 | 0.37 | 0.49 | 67 | Financial Services |
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