Looking to diversify beyond HFGO? The ETFs below have the lowest correlation with HFGO — 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 HFGO.
Best Diversifiers for HFGO
477 ETFs have low correlation with HFGO (below 0.3), 91 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | -0.47 | -0.47 | 53 | Inverse Equities | HFGO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.46 | -0.46 | 60 | Inverse Equities, Leveraged Equities | HFGO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 65 | Derivative Income | HFGO vs WNTR | |
| iShares Core High Dividend ETF | -0.24 | 0.02 | — | 72 | Dividend, Large Cap Value Equities | HFGO vs HDV | |
| Tortoise North American Pipeline Fund | -0.24 | 0.10 | 0.26 | 77 | Energy Equities | HFGO vs TPYP |
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