Looking to diversify beyond HUTG? The ETFs below have the lowest correlation with HUTG — 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 HUTG.
Best Diversifiers for HUTG
2 ETFs have low correlation with HUTG (below 0.3), 0 of which are negatively correlated. The least correlated is T-Rex 2X Long Apple Daily Target ETF (AAPX) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-Rex 2X Long Apple Daily Target ETF | 0.21 | 0.21 | 0.21 | 64 | Leveraged Equities | HUTG vs AAPX | |
| Direxion Daily GOOGL Bull 2X Shares | 0.27 | 0.27 | 0.27 | 95 | Leveraged Equities | HUTG vs GGLL | |
| ProShares Ultra S&P500 | 0.58 | 0.58 | 0.58 | 56 | Leveraged Equities, S&P 500 | HUTG vs SSO | |
| ProShares UltraPro QQQ | 0.60 | 0.60 | 0.60 | 53 | Leveraged Equities | HUTG vs TQQQ | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.61 | 0.61 | 0.61 | 93 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | HUTG vs KORU |
Diversification Analysis
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