Looking to diversify beyond HLAL? The ETFs below have the lowest correlation with HLAL — 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 HLAL.
Best Diversifiers for HLAL
393 ETFs have low correlation with HLAL (below 0.3), 69 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 | -0.48 | — | — | 56 | Inverse Equities | HLAL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 65 | Inverse Equities, Leveraged Equities | HLAL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | — | 53 | Cryptocurrency | HLAL vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | HLAL vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.03 | 0.10 | 57 | Oil & Gas | HLAL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLAL and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.09 | 0.07 | 65 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.04 | 0.10 | 78 | Consumer Defensive | |
| Chubb Limited | -0.23 | -0.01 | 0.18 | 83 | Financial Services | |
| The Coca-Cola Company | -0.20 | 0.01 | 0.20 | 82 | Consumer Defensive | |
| The Southern Company | -0.20 | -0.06 | 0.11 | 58 | Utilities |
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