Looking to diversify beyond HAP? The ETFs below have the lowest correlation with HAP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HAP.
Best Diversifiers for HAP
404 ETFs have low correlation with HAP (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.19 | -0.14 | 63 | Leveraged Currency | HAP vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.13 | — | — | 99 | Ultrashort Bond | HAP vs WEEK | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | HAP vs ACLO | |
| Obra Opportunistic Structured Products ETF | -0.10 | -0.05 | -0.05 | 72 | Multisector Bonds | HAP vs OOSP | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 99 | Ultrashort Bond, Government Bonds | HAP vs VGUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAP and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.02 | 0.11 | 0.19 | 69 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.02 | 0.08 | 0.18 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | 0.10 | 0.14 | 0.22 | 65 | Technology | |
| Alphabet Inc. Class A | 0.22 | 0.22 | 0.31 | 96 | Communication Services | |
| Enterprise Products Partners L.P. | 0.26 | 0.42 | 0.54 | 85 | Energy |
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