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OverviewPerformanceDividendsCorrelations
High CorrelationLow Correlation

29 Stocks and 71 ETFs for diversifying HEQ (John Hancock Hedged equity & Income Fund)

The least correlated asset to HEQ (John Hancock Hedged equity & Income Fund) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7736.

Stocks that lowly correlated with HEQ

SymbolName
Market cap
SectorIndustry
Correlation
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.60
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.60
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.56
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.51
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.49
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.48
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.47
SFWLShengfeng Development Ltd - Class A$56MIndustrialsIntegrated Freight & Logistics-0.47
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.46
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.46
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.46
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.46
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.45
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.44
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.43
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.42
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.42
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.42
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.42
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.40
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.40
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.39
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.39
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.38
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.38

ETFs that lowly correlated with HEQ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.77
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.77
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.77
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.76
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.76
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.75
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.74
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.74
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.74
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.74
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.73
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.73
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.73
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.73
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.73
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.72
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.72
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.72
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.71
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.70
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.69
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.69
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.67
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.67
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.66
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.66
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.66
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.65
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.65
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.64
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.64
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.64
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.64
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.63
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.62
OILDBank of Montreal$53MN/ANov 8, 2021-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.62
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.61
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.60
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.60
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.59
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.58
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.58
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.54
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.51
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.51
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.51
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.49
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.49
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.49
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.48
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.46
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.44
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.44
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.43
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.43
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.42
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.41
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.41
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.40
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.40
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.39
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.38