Looking to diversify beyond HEWJ? The ETFs below have the lowest correlation with HEWJ — 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 HEWJ.
Best Diversifiers for HEWJ
476 ETFs have low correlation with HEWJ (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, down from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.17 | — | 53 | Cryptocurrency | HEWJ vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.30 | — | — | 54 | Multistrategy | HEWJ vs RSBY | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 56 | Inverse Equities | HEWJ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 65 | Inverse Equities, Leveraged Equities | HEWJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | HEWJ vs WNTR |
See all 2067 diversifiers for HEWJ
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