Looking to balance out your exposure to HALO? The ETFs below have historically moved differently from HALO, 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 HALO
6 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 -0.05, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.02 | -0.02 | 100 | Ultrashort Bond | HALO vs SGOV | |
| iShares U.S. Insurance ETF | 0.18 | 0.22 | 0.29 | 53 | Financials Equities | HALO vs IAK | |
| JPMorgan Hedged Equity Laddered Overlay ETF | 0.19 | — | — | 53 | Options Trading | HALO vs HELO | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.26 | 0.35 | 67 | S&P 500 | HALO vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.26 | 0.35 | 68 | S&P 500 | HALO vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HALO, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.13 | 0.04 | 0.12 | 80 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.06 | 0.12 | 84 | Energy | |
| Apache Corporation | -0.09 | 0.05 | 0.15 | 90 | Energy | |
| Baker Hughes Company | -0.04 | 0.09 | 0.14 | 75 | Energy | |
| Banco Macro S.A. | -0.02 | 0.09 | 0.15 | 66 | Financial Services |
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