Looking to diversify beyond HFXI? The ETFs below have the lowest correlation with HFXI — 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 HFXI.
Best Diversifiers for HFXI
299 ETFs have low correlation with HFXI (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.27 | -0.31 | 53 | Cryptocurrency | HFXI vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.30 | -0.30 | 56 | Inverse Equities | HFXI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.30 | -0.30 | 65 | Inverse Equities, Leveraged Equities | HFXI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | HFXI vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.08 | 57 | Oil & Gas | HFXI vs DBE |
See all 2068 diversifiers for HFXI
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