Looking to diversify beyond HYDR? The ETFs below have historically moved differently from HYDR, 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 HYDR
654 ETFs have low correlation with HYDR (below 0.3), 113 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | HYDR vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | HYDR vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYDR vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | HYDR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | — | 61 | Cryptocurrency | HYDR vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYDR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Super Group (SGHC) Limited (SGHC) (Consumer Cyclical) with a 1Y correlation of 0.12, down from 0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Super Group (SGHC) Limited | 0.12 | 0.24 | — | 67 | Consumer Cyclical | |
| NextEra Energy, Inc. | 0.15 | 0.22 | 0.28 | 77 | Utilities | |
| Apple Inc | 0.20 | 0.20 | 0.28 | 89 | Technology | |
| Alamos Gold Inc. | 0.30 | 0.27 | 0.27 | 53 | Basic Materials | |
| Ford Motor Company | 0.31 | 0.35 | 0.44 | 78 | Consumer Cyclical |
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