Looking to diversify beyond ZHDG? The ETFs below have historically moved differently from ZHDG, 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 ZHDG
220 ETFs have low correlation with ZHDG (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | ZHDG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | — | 51 | Cryptocurrency | ZHDG vs BITI | |
| Invesco DB Energy Fund | -0.26 | -0.08 | 0.07 | 66 | Oil & Gas | ZHDG vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | ZHDG vs IBIC | |
| Invesco DB Oil Fund | -0.23 | -0.07 | 0.07 | 51 | Oil & Gas | ZHDG vs DBO |
See all 1304 diversifiers for ZHDG
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