Looking to diversify beyond HIDV? The ETFs below have the lowest correlation with HIDV — 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 HIDV.
Best Diversifiers for HIDV
322 ETFs have low correlation with HIDV (below 0.3), 64 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 60 | Inverse Equities | HIDV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | HIDV vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.36 | -0.34 | 57 | Cryptocurrency | HIDV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HIDV vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | HIDV vs WNTR |
See all 2036 diversifiers for HIDV
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