Looking to diversify beyond HFGM? The ETFs below have historically moved differently from HFGM, 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 HFGM
527 ETFs have low correlation with HFGM (below 0.3), 39 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | — | — | 61 | Cryptocurrency | HFGM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HFGM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | HFGM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | HFGM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | HFGM vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HFGM, 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 Cohen & Steers Quality Income Realty Fund, Inc. (RQI) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.20 | 0.21 | 0.21 | 66 | Financial Services | |
| Nebius Group N.V. | 0.28 | 0.25 | 0.25 | 92 | Communication Services | |
| Rocket Lab USA, Inc. | 0.36 | 0.30 | 0.30 | 62 | Industrials | |
| GE Vernova Inc. | 0.36 | 0.32 | 0.32 | 76 | Industrials | |
| Amazon.com, Inc | 0.37 | 0.37 | 0.37 | 60 | Consumer Cyclical |
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