Looking to balance out your exposure to HALO? The ETFs below have the lowest correlation with HALO — they tend to move on their own, which can help reduce risk when HALO drops. The stock ideas table highlights individual companies that behave independently from HALO.
Best Diversifiers for HALO
5 ETFs have low correlation with HALO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.00 | -0.02 | 100 | Ultrashort Bond | HALO vs SGOV | |
| Invesco QQQ ETF | 0.16 | 0.19 | 0.30 | 59 | Nasdaq-100 | HALO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.27 | 0.36 | 59 | S&P 500 | HALO vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.27 | 0.36 | 59 | S&P 500 | HALO vs VOO | |
| iShares MSCI USA Quality Factor ETF | 0.28 | 0.29 | 0.37 | 53 | Large Cap Blend Equities | HALO vs QUAL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HALO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HALO and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.07 | 0.07 | 0.16 | 87 | Energy | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.06 | 0.18 | 65 | Technology | |
| Baker Hughes Company | -0.00 | 0.11 | 0.16 | 84 | Energy | |
| AppLovin Corporation | 0.00 | 0.06 | 0.16 | 60 | Communication Services | |
| Spire Global, Inc. | 0.01 | 0.09 | 0.13 | 69 | Industrials |
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