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
518 ETFs have low correlation with HERO (below 0.3), 64 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.39 | -0.39 | 65 | Inverse Equities, Leveraged Equities | HERO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 56 | Inverse Equities | HERO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | HERO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.29 | -0.33 | 53 | Cryptocurrency | HERO vs BITI | |
| ProShares UltraShort Yen | -0.23 | -0.19 | -0.18 | 72 | Leveraged Currency | HERO vs YCS |
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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 -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.09 | 0.03 | 0.12 | 76 | Energy | |
| GE Vernova Inc. | 0.16 | 0.23 | 0.23 | 89 | Industrials |
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