Looking to balance out your exposure to HAIN? The ETFs below have the lowest correlation with HAIN — they tend to move on their own, which can help reduce risk when HAIN drops. The stock ideas table highlights individual companies that behave independently from HAIN.
Best Diversifiers for HAIN
0 ETFs have low correlation with HAIN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.19 | 0.30 | 70 | S&P 500 | HAIN vs SPY | |
| Vanguard S&P 500 ETF | 0.30 | 0.19 | 0.30 | 70 | S&P 500 | HAIN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAIN and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.15, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.15 | 0.11 | 0.16 | 55 | Consumer Cyclical |
Build a portfolio that complements HAIN
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