Looking to diversify beyond HNDL? The ETFs below have historically moved differently from HNDL, 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 HNDL
219 ETFs have low correlation with HNDL (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 51 | Cryptocurrency | HNDL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | HNDL vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.34 | -0.30 | -0.25 | 51 | Nontraditional Bonds | HNDL vs RISR | |
| ProShares UltraShort Yen | -0.32 | -0.22 | -0.22 | 59 | Leveraged Currency | HNDL vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.06 | 66 | Oil & Gas | HNDL vs DBE |
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