Looking to diversify beyond HSCZ? The ETFs below have the lowest correlation with HSCZ — 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 HSCZ.
Best Diversifiers for HSCZ
375 ETFs have low correlation with HSCZ (below 0.3), 71 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.32, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.31 | -0.31 | 53 | Inverse Equities | HSCZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.29 | -0.29 | 60 | Inverse Equities, Leveraged Equities | HSCZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | -0.33 | -0.33 | 65 | Derivative Income | HSCZ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.26 | — | — | 51 | Multistrategy | HSCZ vs RSBY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | -0.21 | -0.21 | 97 | Inflation-Protected Bonds | HSCZ vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSCZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSCZ and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.07 | 0.10 | 0.22 | 51 | Industrials | |
| Walmart Inc. | -0.02 | 0.12 | 0.20 | 70 | Consumer Defensive | |
| Western Midstream Partners, LP | 0.00 | 0.25 | 0.33 | 77 | Energy | |
| W. R. Berkley Corporation | 0.03 | 0.13 | 0.25 | 55 | Financial Services | |
| The Allstate Corporation | 0.04 | 0.15 | 0.26 | 82 | Financial Services |
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