Looking to diversify beyond HWAY? The ETFs below have the lowest correlation with HWAY — 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 HWAY.
Best Diversifiers for HWAY
383 ETFs have low correlation with HWAY (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.32 | -0.32 | 53 | Cryptocurrency | HWAY vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.30 | -0.30 | 56 | Inverse Equities | HWAY vs SMST | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | HWAY vs RBIL | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 65 | Inverse Equities, Leveraged Equities | HWAY vs MSTZ | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.24 | — | — | 96 | Inflation-Protected Bonds | HWAY vs IBID |
See all 2057 diversifiers for HWAY
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