Looking to diversify beyond HACK? The ETFs below have the lowest correlation with HACK — 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 HACK.
Best Diversifiers for HACK
695 ETFs have low correlation with HACK (below 0.3), 39 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.13, up from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.13 | -0.30 | -0.30 | 55 | Inverse Equities | HACK vs NFXS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | HACK vs CSHP | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.12 | 0.10 | 0.22 | 57 | Volatility Hedged Equity | HACK vs SIXH | |
| iShares Core High Dividend ETF | -0.11 | 0.13 | 0.29 | 70 | Dividend, Large Cap Value Equities | HACK vs HDV | |
| Xtrackers US 0-1 Year Treasury ETF | -0.11 | — | — | 99 | Government Bonds, Ultrashort Bond | HACK vs TRSY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HACK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HACK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | -0.07 | 0.08 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.14 | -0.03 | 62 | Utilities | |
| Altria Group, Inc. | -0.25 | -0.08 | 0.01 | 72 | Consumer Defensive | |
| WEC Energy Group, Inc. | -0.23 | -0.10 | 0.01 | 63 | Utilities | |
| PepsiCo, Inc. | -0.22 | -0.04 | 0.06 | 61 | Consumer Defensive |
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