Looking to diversify beyond IDHQ? The ETFs below have the lowest correlation with IDHQ — 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 IDHQ.
Best Diversifiers for IDHQ
247 ETFs have low correlation with IDHQ (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.24 | -0.21 | 75 | Leveraged Currency | IDHQ vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 53 | Inverse Equities | IDHQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 60 | Inverse Equities, Leveraged Equities | IDHQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | IDHQ vs WNTR | |
| United States Gasoline Fund LP | -0.31 | -0.10 | 0.04 | 72 | Oil & Gas | IDHQ vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDHQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDHQ and solid risk/return profiles. The least correlated is RLJ Lodging Trust (RLJ) (Real Estate) with a 1Y correlation of 0.35, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RLJ Lodging Trust | 0.35 | 0.37 | 0.45 | 90 | Real Estate |
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