Looking to diversify beyond HERO? The ETFs below have the lowest correlation with HERO — 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 HERO.
Best Diversifiers for HERO
430 ETFs have low correlation with HERO (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.20 | -0.18 | 63 | Leveraged Currency | HERO vs YCS | |
| Direxion Daily NFLX Bear 1X Shares | -0.20 | -0.29 | -0.29 | 55 | Inverse Equities | HERO vs NFXS | |
| United States Gasoline Fund LP | -0.18 | -0.02 | 0.07 | 55 | Oil & Gas | HERO vs UGA | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | 0.00 | -0.00 | 78 | Commodities | HERO vs ISCMF | |
| Brookstone Ultra-Short Bond ETF | -0.11 | -0.03 | -0.03 | 98 | Ultrashort Bond | HERO vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HERO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HERO and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.04 | 0.12 | 72 | Energy | |
| GE Vernova Inc. | 0.25 | 0.28 | 0.28 | 89 | Industrials |
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