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
378 ETFs have low correlation with HFND (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | -0.34 | 57 | Cryptocurrency | HFND vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HFND vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.34 | — | 51 | Currency | HFND vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.40 | -0.40 | 53 | Inverse Equities | HFND vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.39 | — | 68 | Inverse Equities, Leveraged Equities | HFND vs MSTZ |
See all 2057 diversifiers for HFND
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