Looking to diversify beyond HWSM? The ETFs below have the lowest correlation with HWSM — 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 HWSM.
Best Diversifiers for HWSM
400 ETFs have low correlation with HWSM (below 0.3), 53 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | HWSM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | HWSM vs SMST | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.35 | -0.35 | 53 | Options Trading | HWSM vs CAOS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 69 | Derivative Income | HWSM vs WNTR | |
| Invesco DB Energy Fund | -0.23 | — | — | 58 | Oil & Gas | HWSM vs DBE |
See all 2141 diversifiers for HWSM
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