Looking to diversify beyond HLAL? The ETFs below have historically moved differently from HLAL, 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 HLAL
450 ETFs have low correlation with HLAL (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 |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 69 | Derivative Income | HLAL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | — | 51 | Cryptocurrency | HLAL vs BITI | |
| Invesco DB Energy Fund | -0.24 | -0.04 | 0.09 | 66 | Oil & Gas | HLAL vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | HLAL vs IBIC | |
| YieldMax XOM Option Income Strategy ETF | -0.20 | 0.04 | 0.04 | 52 | Derivative Income, Dividend | HLAL vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HLAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.29, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.29 | -0.11 | 0.07 | 52 | Utilities | |
| Altria Group, Inc. | -0.27 | -0.05 | 0.08 | 66 | Consumer Defensive | |
| Chubb Limited | -0.27 | -0.02 | 0.16 | 87 | Financial Services | |
| The Coca-Cola Company | -0.23 | -0.01 | 0.19 | 87 | Consumer Defensive | |
| Chevron Corporation | -0.20 | 0.06 | 0.21 | 79 | Energy |
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