Looking to diversify beyond HFSI? The ETFs below have the lowest correlation with HFSI — 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 HFSI.
Best Diversifiers for HFSI
340 ETFs have low correlation with HFSI (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.41 | — | 63 | Leveraged Currency | HFSI vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.16 | — | 55 | Oil & Gas | HFSI vs UGA | |
| Fidelity Managed Futures ETF | -0.23 | — | — | 64 | Systematic Trend | HFSI vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.08 | — | 75 | Commodities | HFSI vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | — | — | 99 | Ultrashort Bond | HFSI vs CSHP |
See all 1951 diversifiers for HFSI
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