Looking to diversify beyond HNDL? The ETFs below have the lowest correlation with HNDL — 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 HNDL.
Best Diversifiers for HNDL
206 ETFs have low correlation with HNDL (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.33 | -0.38 | 51 | Currency | HNDL vs UUP | |
| ProShares Short Bitcoin ETF | -0.40 | -0.30 | -0.31 | 57 | Cryptocurrency | HNDL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HNDL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.35 | -0.35 | 68 | Inverse Equities, Leveraged Equities | HNDL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.37 | -0.37 | 60 | Inverse Equities | HNDL vs SMST |
See all 2047 diversifiers for HNDL
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