Looking to balance out your exposure to HAL? The ETFs below have historically moved differently from HAL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HAL
16 ETFs have low correlation with HAL (below 0.3), 4 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.11, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.11 | -0.06 | -0.07 | 99 | Ultrashort Bond | HAL vs JPST | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.00 | -0.05 | 100 | Government Bonds, Ultrashort Bond | HAL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.04 | -0.03 | -0.07 | 100 | Government Bonds, Ultrashort Bond | HAL vs SHV | |
| State Street Health Care Select Sector SPDR ETF | -0.00 | 0.10 | 0.15 | 60 | Health & Biotech Equities | HAL vs XLV | |
| Invesco QQQ ETF | 0.06 | 0.14 | 0.20 | 54 | Nasdaq-100 | HAL vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Quest Diagnostics Incorporated (DGX) (Healthcare) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quest Diagnostics Incorporated | -0.16 | 0.02 | 0.03 | 86 | Healthcare | |
| HCA Healthcare, Inc. | -0.15 | 0.02 | 0.13 | 54 | Healthcare | |
| Shopify Inc. | -0.11 | 0.05 | 0.10 | 51 | Technology | |
| American Airlines Group Inc. | -0.10 | 0.04 | 0.17 | 68 | Industrials | |
| JetBlue Airways Corporation | -0.10 | 0.06 | 0.16 | 67 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HAL
Add HAL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HAL