Looking to balance out your exposure to HAE? The ETFs below have the lowest correlation with HAE — they tend to move on their own, which can help reduce risk when HAE drops. The stock ideas table highlights individual companies that behave independently from HAE.
Best Diversifiers for HAE
3 ETFs have low correlation with HAE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.15, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.15 | 0.23 | 0.31 | 76 | Technology Equities | HAE vs IYW | |
| Schwab International Equity ETF | 0.27 | 0.33 | 0.36 | 62 | Foreign Large Cap Equities | HAE vs SCHF | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.35 | 0.41 | 74 | S&P 500 | HAE vs SPY | |
| Invesco RAFI US 1000 ETF | 0.31 | 0.40 | 0.43 | 91 | Large Cap Value Equities | HAE vs PRF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAE and solid risk/return profiles. The least correlated is ON Semiconductor Corporation (ON) (Technology) with a 1Y correlation of 0.14, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ON Semiconductor Corporation | 0.14 | 0.25 | 0.30 | 92 | Technology |
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