Looking to balance out your exposure to HAL? The ETFs below have the lowest correlation with HAL — they tend to move on their own, which can help reduce risk when HAL drops. The stock ideas table highlights individual companies that behave independently from HAL.
Best Diversifiers for HAL
11 ETFs have low correlation with HAL (below 0.3), 3 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.11 | -0.05 | -0.07 | 99 | Ultrashort Bond | HAL vs JPST | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | HAL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03 | -0.04 | -0.06 | 100 | Government Bonds, Ultrashort Bond | HAL vs SHV | |
| Vanguard Information Technology ETF | 0.03 | 0.14 | 0.21 | 76 | Technology Equities | HAL vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.05 | 0.13 | — | 74 | Nasdaq-100, Derivative Income | HAL vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAL and solid risk/return profiles. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | -0.06 | 0.07 | 0.07 | 97 | Communication Services | |
| Atmos Energy Corporation | -0.05 | 0.09 | 0.15 | 60 | Utilities | |
| Novartis AG | -0.05 | 0.04 | 0.10 | 75 | Healthcare | |
| Walmart Inc. | -0.04 | 0.02 | 0.07 | 63 | Consumer Defensive | |
| Tapestry, Inc. | -0.03 | 0.17 | 0.27 | 85 | Consumer Cyclical |
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