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
177 ETFs have low correlation with HNDL (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.22 | -0.21 | 63 | Leveraged Currency | HNDL vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.03 | 0.06 | 55 | Oil & Gas | HNDL vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | HNDL vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | HNDL vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | HNDL vs USFR |
See all 1950 diversifiers for HNDL
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