Looking to diversify beyond PHDG? The ETFs below have the lowest correlation with PHDG — 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 PHDG.
Best Diversifiers for PHDG
387 ETFs have low correlation with PHDG (below 0.3), 50 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.20 | -0.20 | 68 | Inverse Equities, Leveraged Equities | PHDG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | PHDG vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.21 | -0.22 | 51 | Currency | PHDG vs UUP | |
| ProShares Short Bitcoin ETF | -0.24 | -0.17 | -0.22 | 57 | Cryptocurrency | PHDG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.18 | -0.18 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PHDG vs SBIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHDG and solid risk/return profiles. The least correlated is Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.06 | 0.05 | 0.09 | 65 | Energy | |
| Lockheed Martin Corporation | -0.02 | -0.00 | 0.10 | 59 | Industrials | |
| Berkshire Hathaway Inc. | 0.01 | 0.12 | 0.28 | 53 | Financial Services | |
| Virtu Financial, Inc. | 0.18 | 0.15 | 0.19 | 81 | Financial Services |
Build a portfolio that complements PHDG
Add PHDG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHDG