Looking to diversify beyond HLXX? The ETFs below have the lowest correlation with HLXX — 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 HLXX.
Best Diversifiers for HLXX
0 ETFs have low correlation with HLXX (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator U.S. Equity Accelerated Plus ETF (XTAP) (Leveraged Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 0.40 | 0.40 | 0.40 | 98 | Leveraged Equities | HLXX vs XTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.41 | 0.41 | 0.41 | 91 | Leveraged Equities, Semiconductors | HLXX vs SOXL | |
| Leverage Shares 2X Long AMD Daily ETF | 0.41 | 0.41 | 0.41 | 91 | Leveraged Equities | HLXX vs AMDG | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.48 | 0.48 | 0.48 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | HLXX vs KORU |
Diversification Analysis
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