Looking to diversify beyond HFND? The ETFs below have the lowest correlation with HFND — 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 HFND.
Best Diversifiers for HFND
304 ETFs have low correlation with HFND (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, down from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.13 | — | 61 | Leveraged Currency | HFND vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | HFND vs RBIL | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | HFND vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | HFND vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | HFND vs USFR |
See all 2077 diversifiers for HFND
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