Looking to diversify beyond HIDV? The ETFs below have historically moved differently from HIDV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HIDV
350 ETFs have low correlation with HIDV (below 0.3), 86 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 52 | Inverse Equities | HIDV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | HIDV vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | — | 61 | Cryptocurrency | HIDV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HIDV vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | HIDV vs WNTR |
See all 2223 diversifiers for HIDV
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