Looking to diversify beyond HERO? The ETFs below have historically moved differently from HERO, 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 HERO
587 ETFs have low correlation with HERO (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | HERO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.40 | -0.29 | — | 51 | Cryptocurrency | HERO vs BITI | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.04 | 66 | Oil & Gas | HERO vs DBE | |
| ProShares UltraShort Yen | -0.22 | -0.19 | -0.18 | 59 | Leveraged Currency | HERO vs YCS | |
| Invesco DB Oil Fund | -0.21 | -0.05 | 0.05 | 51 | Oil & Gas | HERO vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HERO, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.03 | 0.11 | 85 | Energy | |
| GE Vernova Inc. | 0.18 | — | — | 77 | Industrials |
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