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
12 ETFs have low correlation with HAL (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.03 | -0.05 | 100 | Government Bonds, Ultrashort Bond | HAL vs BIL | |
| JPMorgan Ultra-Short Income ETF | -0.10 | -0.05 | -0.07 | 99 | Ultrashort Bond | HAL vs JPST | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | -0.04 | -0.06 | 100 | Government Bonds, Ultrashort Bond | HAL vs SHV | |
| Vanguard Information Technology ETF | 0.07 | 0.15 | 0.21 | 57 | Technology Equities | HAL vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.08 | 0.14 | — | 65 | 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 Quest Diagnostics Incorporated (DGX) (Healthcare) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quest Diagnostics Incorporated | -0.13 | 0.02 | 0.03 | 78 | Healthcare | |
| Shopify Inc. | -0.10 | 0.06 | 0.10 | 52 | Technology | |
| American Airlines Group Inc. | -0.10 | 0.05 | 0.19 | 66 | Industrials | |
| Colgate-Palmolive Company | -0.08 | -0.05 | -0.01 | 53 | Consumer Defensive | |
| Southwest Airlines Co. | -0.07 | 0.07 | 0.20 | 66 | Industrials |
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