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29 Stocks and 71 ETFs for diversifying HECO (SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF)

The least correlated asset to HECO (SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with HECO

SymbolName
Market cap
SectorIndustry
Correlation
RBCPRBC Bearings Incorporated 5.00 Series A Mandatory Convertible Preferred Stock$3.64BN/AN/A-1.00
ITIIteris Inc$316MN/AN/A-0.91
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.91
TBCAT&T Inc$180BN/AN/A-0.72
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.69
OPTNOptiNose Inc$112MN/AN/A-0.67
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.66
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.66
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.63
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.61
TAKTakeda Pharmaceutical Company$51BHealthcareDrug Manufacturers - Specialty & Generic-0.61
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.60
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.60
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.58
SYTSYLA Technologies Co Ltd$60MTechnologySoftware - Application-0.57
AWKAmerican Water Works Co. Inc$25BUtilitiesUtilities - Regulated Water-0.57
ALCAlcon Inc$34BHealthcareMedical Instruments & Supplies-0.57
BGSB&G Foods Inc$305MConsumer DefensivePackaged Foods-0.56
ORLAOrla Mining Ltd$3.73BBasic MaterialsGold-0.56
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.55
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.55
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.54
OPCHOption Care Health Inc$3.47BHealthcareMedical Care Facilities-0.54
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.53
GELGenesis Energy L.P.$1.77BEnergyOil & Gas Midstream-0.53
MCDMcDonald`s Corp$189BConsumer CyclicalRestaurants-0.53
PHIPLDT Inc$4.12BCommunication ServicesTelecom Services-0.53
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.52
TVCTennessee Valley Authority$13MN/AN/A-0.52

ETFs that lowly correlated with HECO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.84
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.84
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.84
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.83
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.81
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.81
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.80
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.80
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.80
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.79
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.79
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.78
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.77
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.76
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.75
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.75
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.74
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.74
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.73
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.73
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.73
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.73
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.73
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.71
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.69
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.68
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.68
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.68
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.68
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.67
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.67
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.67
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.66
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.64
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.62
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.62
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.61
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.61
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.60
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.60
UTREF/M US TREASURY 3 YEAR NOTE ETF $9.10M0.15%Mar 27, 2023-0.58
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.58
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.58
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.57
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.56
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.56
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.56
TUASIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF $751M0.25%Nov 14, 2022-0.55
IRVHGLOBAL X INTEREST RATE VOLATILITY & INFLATION HEDGE ETF $1.40M0.45%Jul 5, 2022-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.55
XTREBONDBLOXX BLOOMBERG THREE YEAR TARGET DURATION US TREASURY ETF $181M0.05%Sep 13, 2022-0.55
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.55
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.55
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.54
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.54
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.54
IBTJISHARES IBONDS DEC 2029 TERM TREASURY ETF $1.30B0.07%Feb 25, 2020-0.54
CCORCORE ALTERNATIVE ETF $27M1.29%May 23, 2017-0.53
UTWOF/M US TREASURY 2 YEAR NOTE ETF $472M0.15%Aug 8, 2022-0.53
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.53
UFIVF/M US TREASURY 5 YEAR NOTE ETF $29M0.15%Mar 27, 2023-0.53
IBTIISHARES IBONDS DEC 2028 TERM TREASURY ETF $1.80B0.07%Feb 25, 2020-0.53
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.52
XTWOBONDBLOXX BLOOMBERG TWO YEAR TARGET DURATION US TREASURY ETF $182M0.05%Sep 13, 2022-0.52
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.52
IEIISHARES 3-7 YEAR TREASURY BOND ETF $18B0.15%Jan 5, 2007-0.52